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PhonePe Becomes a Public Entity Ahead of IPO Launch
Financial Express Hyderabad
|April 19, 2025
WALMART-BACKED PHONEPE HAS converted itself to a public entity from a private one, as it looks to launch an initial public offering (IPO) soon, according to filings with the Registrar of Companies.
The document shows that the decision to change the name from PhonePe Private Limited to PhonePe Limited was taken at the extraordinary general meeting held on April 16.
The change has to be approved by the Central Processing Centre under the Ministry of Corporate Affairs by issuing a fresh certificate of incorporation.
This is a necessary legal step for companies looking to list on the bourses. Earlier this week, another fintech firm Razorpay converted to a public company ahead of its IPO.
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