IPO-Bound PhonePe Converts Into Public Entity

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SUMMARY

The startup got the approval of its members at an extraordinary general meeting held on April 16 to change its name to PhonePe Limited from PhonePe Private Limited

This comes at a time when the company kicked off preparations for a potential listing in the country over two years after it reverse flipped from Singapore

For the same, it reportedly roped in four investment banks in February to advise on its IPO

Walmart-owned PhonePe has converted into a public company, marking a major step in preparation for its initial…



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IPO-Bound PhonePe Converts Into Public Entity


SUMMARY

The startup got the approval of its members at an extraordinary general meeting held on April 16 to change its name to PhonePe Limited from PhonePe Private Limited

This comes at a time when the company kicked off preparations for a potential listing in the country over two years after it reverse flipped from Singapore

For the same, it reportedly roped in four investment banks in February to advise on its IPO

Walmart-owned PhonePe has converted into a public company, marking a major step in preparation for its initial…



Source link

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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