PhonePe relocates its headquarters from Singapore to India ahead of its IPO

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IPO bound digital payments app PhonePe announced on Monday (October 3) that it has completed the process of shifting its domicile from Singapore to India.

PhonePe said in a statement that it has completed three critical steps toward relocating its headquarters to India. These steps include transferring businesses and subsidiaries from PhonePe Singapore to PhonePe Pvt Ltd, transferring employee ESOP plans from Singapore to the India office, and transferring ownership of the recently acquired IndusOS Appstore to India. PhonePe announced that it has relocated its insurance brokerage and wealth management operations from Singapore to India. Furthermore, the PhonePe board recently approved the creation of a new ESOP plan and the relocation of over 3,000 employees’ existing ESOPs by issuing new ESOPs under PhonePe India’s new plan.

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PhonePe relocates its headquarters from Singapore to India ahead of its IPO

IPO bound digital payments app PhonePe announced on Monday (October 3) that it has completed the process of shifting its domicile from Singapore to India.

PhonePe said in a statement that it has completed three critical steps toward relocating its headquarters to India. These steps include transferring businesses and subsidiaries from PhonePe Singapore to PhonePe Pvt Ltd, transferring employee ESOP plans from Singapore to the India office, and transferring ownership of the recently acquired IndusOS Appstore to India. PhonePe announced that it has relocated its insurance brokerage and wealth management operations from Singapore to India. Furthermore, the PhonePe board recently approved the creation of a new ESOP plan and the relocation of over 3,000 employees’ existing ESOPs by issuing new ESOPs under PhonePe India’s new plan.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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