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Microsoft, Walmart, and Tiger Global are selling shares in PhonePe India’s IPO, despite PhonePe reporting a 14.44 billion rupees loss in H1 2025 on revenues of 39.18 billion rupees.
Microsoft and Walmart plan to sell 50.7 million PhonePe shares in the company's IPO, signaling potential reduced exposure for Microsoft in the Indian payments sector.
The Gates Foundation sold 65% of its MSFT shares as part of portfolio rebalancing without signaling an AI-related exit. MSFT is experiencing a short-term pullback but retains strong analyst price tar…