Spinny Converts Parent Into Public Entity Ahead Of IPO Plans

Used-car marketplace Spinny has converted its parent company, Valuedrive Technologies Private Ltd, into a public entity by dropping the “Private” from its name as the startup prepares for a potential initial public offering (IPO) in the near term. According to regulatory filings accessed by Inc42, shareholders of Valuedrive Technologies Private Limited approved a special resolution on July 29 to convert the company into Valuedrive Technologies Ltd. For the uninitiated, Indian companies are requi