Why no one wants to sell the PhonePe stock?
PhonePe’s upcoming IPO, set to be among India’s largest public offerings in 2026, reveals an unusual pattern – while the company heads to market, virtually no shareholders are rushing to exit.
The facts behind the offer for sale
The IPO is structured as an Offer for Sale (OFS), with majority shareholder Walmart divesting approximately 9 per cent of its stake.
However, this sale is primarily driven by regulatory requirements rather than investment strategy.
