Distributor body AICPDF demands SEBI suspend Zepto IPO, brands listing a 'Black Day' for retail trade
AICPDF, representing 4.5 lakh distributors across 25 states and 1.3 crore kirana outlets, has petitioned PMO, SEBI, CCI and Finance Ministry to halt Zepto's IPO, arguing public capital for a loss-making quick-commerce player will entrench predatory pricing and gut traditional distribution.
AICPDF, representing 4.5 lakh distributors, has urged PMO, SEBI, CCI and Finance Ministry to suspend Zepto's proposed IPO, warning that funding a loss-making quick-commerce player will fuel predatory pricing and devastate kirana stores and traditional distribution.