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Walmart-backed PhonePe gets SEBI approval for India IPO, source says

By Thomson Reuters Jan 20, 2026 | 3:36 AM

Jan 20 – Walmart-backed Indian payments ‍firm PhonePe has received regulatory ‌approval for ‌its stock market listing from the market regulator ​after confidentially ‍filing ​for ​an initial ‍public offering in September, a source familiar ‍with the matter told ‍Reuters on ‍Tuesday.

(Reporting ​by ​Jaspreet ⁠Kalra and ‌Komal Salecha in Bengaluru; Editing by Nivedita ⁠Bhattacharjee)