Monday, 9 March, 2026
Walmart Trims Stake While Microsoft and Tiger Global Exit
By TechShots Studio
Fintech giant PhonePe has submitted updated draft papers for its anticipated 2026 initial public offering. The purely offer-for-sale issue will see promoter Walmart pare its 72% stake by approximately 9%, while early institutional backers Microsoft and Tiger Global plan to exit the company entirely.
Read full story at Economic Times