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Indian stock trading and reciprocal fund startup Groww paid $ 159.4 million in taxes as itshifted its domicilefrom the U.S. back to India , the company tell in a program line on Monday .
most a dozen Indian startups are in the cognitive operation of relocating their home base to India from the U.S. and Singapore to advantageously comply with Indian laws and facilitate IPOs in the nation . The sack in legal residence make a tax event for both investors and the inauguration .
While the IPO securities industry remains subdued in the U.S. and many explicate mart , India has emerged as a hotbed for public offer this year . The first nine month of 2024 saw almost 70 IPOs in India , already the second - gamy routine of offerings in any calendar yr on record book .
One primal reason for the influx of startups return to India is the potential difference for better psychoanalyst insurance coverage , even for companies valued below $ 2 billion . This reporting is crucial for attracting institutional investors . Hundreds of Native American startups — many of them backed by throttle Y Combinator — choose to free-base their home base in the U.S. in the preceding ten .
