Daily Headlinez Top News Updates
Walmart-backed fintech major PhonePe is targeting a valuation of $9 billion to $10.5 billion (about Rs 75,000 crore–Rs 87,000 crore) for its upcoming India IPO, with plans to raise around $1.05 billion through an equity sale, sources aware of the development told news agency PTI.The expected valuation is lower than the company’s last funding round…
MUMBAI: PhonePe has secured a go ahead from markets regulator Sebi for its IPO, people aware of the matter said. The Walmart-owned company is seeking to raise around Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). If it proceeds with a Rs 12,000-crore offer, it will be the second biggest Dalal Street…
MUMBAI: PhonePe has secured go ahead from markets regulator Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), said people aware of the matter. The Walmart-owned company is seeking to raise around Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). An OFS allows existing company shareholders to offload…
Walmart-backed digital payments firm PhonePe on Tuesday received regulatory approval from market watchdog SEBI for its initial public offering. The clearance marks a key milestone for one of India’s most anticipated fintech listings.The approval follows PhonePe’s confidential filing for an IPO in September, according to Reuters. The company is now expected to file its Updated…
India’s IPO street is gearing up for one of the most bustling years ahead as 2026 is expected to see a wave of big-ticket listings. These initial public offerings will range from telecom and fintech to consumer internet and financial services. Regulatory data cited by ET shows that 84 companies have already received clearance from…
Mumbai: Flipkart has secured go ahead from the National Company Law Tribunal (NCLT) to shift its domicile to India from Singapore, taking the Walmart-controlled firm a step closer to IPO, said people aware of the matter. Flipkart did not respond to queries.In April this year, the company had started the process of shifting its base…
MUMBAI: Walmart’s PhonePe has filed draft IPO papers though Sebi’s confidential route, gearing up for a potential $1.2-1.3 billion (Rs 10,000-12,000 crore) listing early next year.The IPO which has been in the works for some time will be an offer for sale (OFS) meant to give exit to investors. PhonePe’s investors Tiger Global and Microsoft…
PhonePe plans $1.5 billion IPO PhonePe Limited filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) late Tuesday night, taking the confidential route.The company confirmed the development and said the filings were made in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, reported ET.PhonePe…
