What’s a market leader worth these days?

That’s the question Indian investors will have to grapple with as digital-payments leader Phonepe looks to go public.

Phonepe, which made its IPO papers public on 21 January, is reportedlyTimes of IndiaWalmart to cut 10 percent stake in PhonePe IPO looking to raise $1.3 billion through an entirely offer for sale (OFS) issue, meant for its investors to stage an exit.

While investment and tech giants like Tiger Global and Microsoft are cashing out their........

© The Ken