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.
What happened
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
Key facts
- 4.5 lakh distributors
- 25 states
- 1.3 crore retail outlets
Why this matters
Window opens to court mid-tier FMCG distributors and kirana aggregators seeking hedges against Q-comm channel concentration, especially partnership or minority-stake plays in regional distribution networks.