Govt ban puts Ullu Digital’s Rs 150 cr IPO in jeopardy

Ullu Digital’s plan to go public may be facing unexpected headwinds after the Ministry of Information and Broadcasting (MIB) directed internet service providers to block access to the OTT platform earlier this month. The move, citing objectionable and unlawful content on the app, has triggered uncertainty around what was set to be the largest IPO in India’s SME segment, reported media organisations.