Walmart to cut 10 percent stake in PhonePe IPO
Fintech giant PhonePe is preparing for its stock market debut, aiming to raise Rs 12,000 crore. Major investors Tiger Global and Microsoft are fully exiting their stakes as Walmart, the majority owner, reduces its shareholding. This move marks the first Indian venture from Walmart to go public, following a confidential IPO filing last September.🕒 1 min read
Fintech giant PhonePe is preparing for its stock market debut, aiming to raise Rs 12,000 crore. Major investors Tiger Global and Microsoft are fully exiting their stakes as Walmart, the majority owner, reduces its shareholding. This move marks the first Indian venture from Walmart to go public, following a confidential IPO filing last September.
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