Walmart<\/a>-owned PhonePe<\/a>, which was domiciled in Singapore, said on Monday that it had completed the process of moving base to India.

The company has moved all businesses and subsidiaries of PhonePe Singapore<\/a> to PhonePe<\/a> Pvt Ltd - India directly, including its insurance broking services and wealth broking businesses, it said in a statement.

“PhonePe’s board recently approved the creation of a new employee stock options pool (Esop) and the migration of more than 3,000 PhonePe Group employees’ existing Esops by issuing new Esops under PhonePe India’s new plan,” it said.

The fintech firm added it had also moved the ownership of the recently acquired IndusOS Appstore (OSLabs Pte Ltd) from Singapore to India.

“Following these actions, all PhonePe Group businesses and entities are now wholly owned by and consolidated under PhonePe Pvt Ltd - India,” it said.

PhonePe, founded by former Flipkart<\/a> executives Sameer Nigam, Rahul Chari and Burzin Engineer, was bought by the homegrown ecommerce company in 2016.

Two years later, it became a part of Walmart<\/a> after the US retail giant acquired Flipkart<\/a>.

PhonePe had in 2019 received in-principle approval from Flipkart's board<\/a> to be hived off as a separate entity.

In June 2022, ET reported that the separation process was underway<\/a> and that executives at PhonePe were looking to formally complete the procedure in a month or two.

After a partial hive-off in 2019 was cleared by the Flipkart board, PhonePe had an independent board reporting to Walmart. In December 2020, Walmart invested $700 million in the company at a valuation of $5.5 billion.
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PhonePe转变总部从新加坡到印度

fintech公司已经PhonePe新加坡企业和子公司,包括它的保险经纪服务和财富经纪服务,PhonePe Pvt Ltd .) - - -印度。

ETtech

更新2022年10月4日07:49点坚持

沃尔玛的股权PhonePe在新加坡注册的,周一表示,已完成的过程基地转移到印度。

公司已将所有企业和子公司PhonePe新加坡来PhonePe直接Pvt Ltd .)——印度,包括它的保险经纪服务和财富经纪业务,它在一份声明中说。

“PhonePe董事会最近通过创建一个新员工股票期权池(Esop)和超过3000的迁移PhonePe集团员工的现有Esop计划通过发行新Esop计划PhonePe印度的新计划,”该公司表示。

fintech公司补充说,也感动的所有权最近收购了IndusOS应用商店(OSLabs Pte Ltd)从新加坡到印度。

“这些行动后,所有PhonePe集团企业和实体现在独资和巩固PhonePe Pvt Ltd -印度,”它说。

PhonePe,由前建立的Flipkart公司高管Sameer尼噶的,拉胡尔沙里河和Burzin工程师,于2016年收购本土电子商务公司。

两年后,它变成了其中的一员沃尔玛在美国零售巨头收购Flipkart公司。

2019年PhonePe已经收到日前Flipkart公司董事会的批准独立出来作为一个单独的实体。

2022年6月,外星人的报道分离过程正在进行中,PhonePe高管希望正式在一两个月完成这个过程。

2019年部分分出后清除了Flipkart公司董事会,PhonePe沃尔玛有一个独立的董事会报告。2020年12月,沃尔玛公司投资7亿美元的估值55亿美元。

发布于2022年10月4日上午07:48坚持

Walmart<\/a>-owned PhonePe<\/a>, which was domiciled in Singapore, said on Monday that it had completed the process of moving base to India.

The company has moved all businesses and subsidiaries of PhonePe Singapore<\/a> to PhonePe<\/a> Pvt Ltd - India directly, including its insurance broking services and wealth broking businesses, it said in a statement.

“PhonePe’s board recently approved the creation of a new employee stock options pool (Esop) and the migration of more than 3,000 PhonePe Group employees’ existing Esops by issuing new Esops under PhonePe India’s new plan,” it said.

The fintech firm added it had also moved the ownership of the recently acquired IndusOS Appstore (OSLabs Pte Ltd) from Singapore to India.

“Following these actions, all PhonePe Group businesses and entities are now wholly owned by and consolidated under PhonePe Pvt Ltd - India,” it said.

PhonePe, founded by former Flipkart<\/a> executives Sameer Nigam, Rahul Chari and Burzin Engineer, was bought by the homegrown ecommerce company in 2016.

Two years later, it became a part of Walmart<\/a> after the US retail giant acquired Flipkart<\/a>.

PhonePe had in 2019 received in-principle approval from Flipkart's board<\/a> to be hived off as a separate entity.

In June 2022, ET reported that the separation process was underway<\/a> and that executives at PhonePe were looking to formally complete the procedure in a month or two.

After a partial hive-off in 2019 was cleared by the Flipkart board, PhonePe had an independent board reporting to Walmart. In December 2020, Walmart invested $700 million in the company at a valuation of $5.5 billion.
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