PhonePe IPO Prepared For as Financiers Aim To Offload Stakes
Fintech huge PhonePe’s IPO is expected to introduce this year, complying with SEBI approval. The offering will be totally a Market (OFS), with the business not raising new capital.
- Stake Reduction: Walmart intends to minimize its stake by roughly 12 %.
- Investor Leave: Tiger Global Monitoring and Microsoft intend to totally exit their holdings.
- Share Quantity: About 50 7 million shares will be marketed by existing investors.
- Financial Health: PhonePe reported 1, 200 crore in cash from operations in FY 25 and a modified earnings after tax of 630 crore, leaving out ESOP charges.
