Walmart-stunned Phonepe formally converted into a public limited entity on 1 May 2025, which indicates the willingness to become public after a 10: 1 share distribution in March, new independent directors and the establishment of legal council committees. It has tapped JPMorgan, Kotak Mahindra Capital, Morgan Stanley and Citigroup prior to his offer. A Bloomberg […]
Digital payments Major and Walmart-stunned Phonepe limited his losses for FY25 after it had reported a consolidated loss of RS 1,720 Crore in FY25, which marked an improvement of 13.9% compared to the RS 1,998 Crore loss that was reported in the previous year. The company rotated the free cash flow with cash flow of […]