Walmart-backed Indian fintech firm PhonePe is beginning preparatory steps for a public listing on the country's stock exchanges, the company said on Thursday. "PhonePe's strong top-line and bottom-line growth across its diverse business portfolio,

While announcing its listing plans, PhonePe said it has established a clear corporate structure with each of its new non-payment businesses as fully owned subsidiaries. It had redomiciled from Singapo

PhonePe, which redomiciled from Singapore to India in December 2022, stated it has established a clear corporate structure, with each of its new non-payment businesses as fully owned subsidiaries. In a statement,

PhonePe founder Sameer Nigam had mentioned that the company would not go for an IPO until there was clarity on the market share cap. "The UPI market cap overhang is definitely a p