India, April 18 -- Walmart-owned PhonePe has converted into a public company, marking a major step in preparation for its initial public offering (IPO).

As per its regulatory filing, the startup got the approval of its members at an extraordinary general meeting held on April 16 to change its name to PhonePe Limited from PhonePe Private Limited.

Entrackr reported the development first.

This comes at a time when the company kicked off preparations for a potential listing in the country over two years after it reverse flipped from Singapore.

For the same, it reportedly roped in four investment banks in February to advise on its IPO.

(The story will be updated soon)

The post IPO-Bound PhonePe Converts Into Public Entity appeared first ...