PhonePe gets Sebi nod for IPO; Microsoft, Walmart to pare stake in OFS
Published on: Jan. 20, 2026, 2:25 p.m. | Source: The Economic Times
Walmart-backed PhonePe has secured Sebi approval for its IPO, clearing a major hurdle for one of India’s biggest fintech listings. The $14.5-billion startup plans a $1.5-billion OFS, with Walmart, Tiger Global, and Microsoft set to sell shares. Strong payments dominance and rising revenues underpin investor confidence.
