Additionally, PhonePe can modify the primary issue size by up to 50 per cent until the updated DRHP stage.

Walmart-owned digital payments and financial services company PhonePe has filed draft papers with Sebi for an IPO via the confidential pre-filing route and is planning to raise around Rs 12,000 crore ( $1.35 bn) through a pure OFS or offer for sale, claimed by Moneycontrol report.

The company has filed draft papers with markets regulator Sebi for its proposed initial public offering (IPO) through the confidential pre-filing route.

Confirming the development on Wednesday, a company spokesperson said: “PhonePe Ltd has filed the Pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges under the Sebi ICDR Regulations, in relation to the proposed IPO of its equit

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