New Delhi, April 18 -- Ahead of its mega IPO (initial public offering), fintech major PhonePe has transitioned from a private firm to a public company, according to reports.

As per a report by Moneycontrol, PhonePe has informed about the development to Registrar of Companies (RoC).

Entrackr reported that the company informed the same in a regulatory filing with the RoC.

"The members are hereby informed that, as one of the prerequisites for the process of initial public offering, the company is required to convert into a public limited company under the Companies Act, 2013," Entrackr quoted PhonePe as saying in its regulatory filing.

The name of the company will now be changed from "PhonePe Private Limited" to "PhonePe Limited," the co...