September 28, 2026
Business

Walmart-backed PhonePe targets up to $10.5 billion valuation in IPO(Soban News)

Walmart will trim its stake in PhonePe by about 12 per cent in the firm’s initial public offering, while Tiger Global and Microsoft plan to exit their stakes, according to the firm’s IPO filing

​Walmart will trim its stake in PhonePe by about 12 per cent in the firm’s initial public offering, while Tiger Global and Microsoft plan to exit their stakes, according to the firm’s IPO filing by Soban News (international And National News)

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