PhonePe IPO put on hold as Iran war rattles stock market

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.

“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.

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