IPO-bound customer engagement platform MoEngage has secured approval from the National Company Law Tribunal (NCLT) for its proposed reverse merger, marking a critical milestone in the company’s journey toward a public listing. The regulatory clearance allows MoEngage to consolidate its corporate structure, a move widely seen as preparatory groundwork for an initial public offering (IPO) in India.
According to people familiar with the development, the NCLT approval enables MoEngage to merge its India-based operating entity with its parent structure, effectively simplifying shareholding, governance, and compliance frameworks. Reverse mergers of this kind have increasingly become a preferred r
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