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PhonePe DRHP: A Look At Shareholding Pattern & Key Executives
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PhonePe DRHP: A Look At Shareholding Pattern & Key Executives
Shortly after receiving regulatory go-ahead for its confidential IPO papers, Walmart-backed fintech major PhonePe filed its updated draft red herring prospectus (DRHP) with SEBI for an OFS-only IPO, with shareholders offloading up to 5.06 Cr equity shares. Promoter Walmart’s holding entity WM Digital Commerce Holdings plans to sell 4.59 Cr shares through the OFS. It is the biggest shareholder of PhonePe with a 71.77% stake in the company. Additi…
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