PhonePe IPO listing plan paused amid rising US-Iran war tensions, stock market volatility: Report

PhonePe IPO: PhonePe has temporarily put its listing plans on hold due to ongoing geopolitical conflicts in the Middle East and heightened volatility in global markets, according to a PTI report. The company said it will resume the process once stability returns to the capital markets.

“We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India,” Sameer Nigam, CEO of PhonePe, was quoted as saying by PTI.