This article discusses the recent amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, allowing fast-track mergers between foreign holding companies and their Indian wholly-owned subsidiaries. The amendment simplifies the cross-border merger process by eliminating the need for NCLT approval and mandating only RBI approval. This change facilitates reverse flipping, where foreign companies relocate their headquarters to India, thereby benefiting from India's growing IPO market and investor confidence.