PhonePe has initiated the process for a public offering by confidentially filing draft papers with the Securities and Exchange Board of India (SEBI). The company is reportedly looking to raise around Rs120bn ($1.35bn), though the filing does not confirm the final decision to launch an IPO. A spokesperson from PhonePe clarified the nature of the pre-filed Draft Red Herring Prospectus (PDRHP) with SEBI, Bombay Stock Exchange (BSE), and National Stock Exchange (NSE), stated CNBC. The proposed offer-for-sal ...