Walmart-backed PhonePe pauses IPO plans amid geopolitical tensions, market volatility

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(Corrects to remove ‌extraneous characters ‌from headline)

March ​16 (Reuters) – Walmart-backed Indian fintech firm ‌PhonePe ⁠has temporarily paused ⁠its initial ​public ​offering plans, ​citing ‌geopolitical tensions and volatility in global capital ‌markets, ​the ​company ​said ‌on Monday.

(Reporting by ​Ashwin ​Manikandan and ​Surbhi ‌Misra; Editing ​by Mrigank ​Dhaniwala)

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