PhonePe Refiles IPO Papers; Walmart to Sell 9% Stake, Microsoft and Tiger Global to Exit
Digital Payments Firm Updates IPO Structure
According to an updated draft red herring prospectus dated **January 21**, the digital payments company has revised the terms of its upcoming public offering.
The listing is now structured as a pure Offer-for-Sale (OFS), comprising up to **50.66 million** equity shares. Importantly, the filing confirms that **no** fresh capital will be raised by the company during this process.