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Tiger Global, Microsoft set for full exit as PhonePe files updated IPO papers
BusinessLine· 2026-01-22 12:45
Tiger Global and Microsoft are set to make a full exit from PhonePe as the Walmart-backed digital payments major moves closer to a blockbuster public listing, offering a clear snapshot of how global investors are monetising bets made during India’s fintech boom.Bengaluru-based PhonePe has filed an updated Draft Red Herring Prospectus (UDRHP) with market regulator SEBI after receiving clearance for its confidential filing earlier this week. The IPO will comprise a pure offer-for-sale (OFS) of 5.06 crore equi ...