PhonePe files updated DRHP: ₹12,000 crore IPO gets SEBI nod; Walmart will sell 9% stake, Microsoft will exit
India’s largest digital payment company PhonePe has filed new documents i.e. Updated DRHP (UDRHP) for its IPO. Market regulator SEBI has also given approval to list the company in the market. This IPO will be completely ‘Offer for Sale’ (OFS), that is, the company will not issue any new shares. Rather, its old investors will…