{"id":987327,"date":"2026-01-23T12:01:06","date_gmt":"2026-01-23T06:31:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=987327"},"modified":"2026-01-23T12:01:06","modified_gmt":"2026-01-23T06:31:06","slug":"walmart-to-cut-10-percent-stake-in-phonepe-ipo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/01\/23\/walmart-to-cut-10-percent-stake-in-phonepe-ipo\/","title":{"rendered":"Walmart to cut 10 percent stake in PhonePe IPO"},"content":{"rendered":"<p>MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months.<\/p>\n<p>The first Indian business from Walmart&#8217;s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds about 72% stake in the company, is paring its shareholding by 10% in the IPO. Tiger Global, Microsoft and Walmart will together sell some 5 crore shares, updated draft IPO papers filed by PhonePe on Thursday showed. The company had filed for IPO confidentially in Sept last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart&#8217;s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds about 72% stake in the company, is paring its shareholding by 10% in the IPO. Tiger Global, Microsoft and Walmart will together sell some 5 crore shares, updated draft IPO papers filed by PhonePe on Thursday showed. The company had filed for IPO confidentially in [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-987327","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/987327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=987327"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/987327\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=987327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=987327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=987327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}