PhonePe IPO put on hold as Iran war rattles stock market

3 days ago 10

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PhonePe remains committed to a public listing in India, CEO Sameer Nigam says.

PhonePe Ltd. on Monday announced it has temporarily deferred its IPO due to the current geopolitical conflicts and market volatility and will resume the listing process once there is some stability in global capital markets.

PhonePe has enabled biometric payments on its UPI app.

“We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India,” PhonePe Sameer Nigam said.

The HT Business Desk provides comprehensive coverage of the Indian and global financial markets. Based in Mumbai and New Delhi, the team tracks everything from Sensex and Nifty movements to the latest from India Inc., trade deals, and macroeconomic policy. We aim to empower readers with timely, fact-checked news that clarifies the complexities of the business world.Read More

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