PhonePe IPO: PhonePe, a Walmart-backed fintech company, has filed its draft red herring prospectus (DRHP) with the market regulator to raise Rs 12,000 crore via the confidential route, according to a Moneycontrol report. The IPO is likely to be a complete offer for sale (OFS). The backers Walmart, Tiger Global and Microsoft will participate in the offer for sale to trim their stakes in the company. PhonePe spokesperson said to Moneycontrol that the company ahs filed the pre-filled Draft Red Herring Prospectus (“PDRHP") with the Securities and Exchange Board of India and BSE Limited and the National Stock Exchange of India Limited in relation to the initial public offering of its equity shares, under Chapter IIA of the Securities and Exchange Board of India (Issue of Capital and Disclosu

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