PhonePe DRHP Highlights Regulatory Impact, Revenue Concentration Ahead of IPO
As PhonePe prepares for its initial public offering, the updated draft red herring prospectus (DRHP) highlights the impact of regulatory constraints and heavy dependence on payments-linked revenue, even as Unified Payments Interface (UPI) transactions continue under a zero merchant discount rate (MDR) regime. The proposed IPO comprises an offer for sale of 50.6 million equity […]
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