PhonePe, Flipkart separate entities

PTI

Updated At : 01:04 PM Dec 24, 2022 IST

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New Delhi, December 23

Flipkart and PhonePe have completed their separation and both entities will continue to operate under Walmart, a joint statement said on Friday.

“As part of this transaction, Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased shares directly in PhonePe India. This completes the move to make PhonePe a fully India domiciled company, a process that started earlier this year,” it said.

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