Ahead of its mega IPO (initial public offering), fintech major PhonePe has transitioned from a private firm to a public company, according to reports.As per a report by Moneycontrol, PhonePe has informed about the development to Registrar of Companies (RoC).Entrackr reported that the company informed the same in a regulatory filing with the RoC.“The members are hereby informed that, as one of the prerequisites for the process of initial public offering, the company is required to convert into a public limited company under the Companies Act, 2013,” Entrackr quoted PhonePe as saying in its regulatory filing.The name of the company will now be changed from “PhonePe Private Limited” to “PhonePe Limited,” the company decided in its extraordinary general meeting on April 16.Livemint could not independently verify the authencity of the reports but has reached out to a PhonePe representative to confirm the same. The article will be updated as soon as an official comment is received.Also Read | PhonePe to list on Indian exchanges, prepares to raise funds via public issueThe change of name for PhonePe will have to be approved by the Central Processing Centre, Ministry of Corporate Affairs with the issuance of a fresh certificate of incorporation, the company said.In December 2022, when PhonePe shifted its domicile from Singapore to India, incurring a tax payment of approximately ₹8,000 crore to the government, becoming the first Indian company to make the move.The Walmart-backed company had started its IPO preparation in February this year.The company’s valuation reached $12 billion in its most recent funding round conducted in 2023.“The company is commencing preparatory steps in connection with its potential IPO and plans to list on Indian exchanges. This marks a significant milestone for the company, which will celebrate its 10-year anniversary this year, and has grown to serve hundreds of millions of customers with innovative financial services and technology solutions,” PhonePe said in a statement.Also Read | PhonePe Wealth launches advanced mutual fund selection tool CRISPAlso Read | PhonePe results: Net loss declines to ₹1996 cr, revenue jumps to ₹5,064 crOn February 27, CNBC TV18 reported that PhonePe appointed four merchant bankers—JP Morgan, Citi India, Morgan Stanley, and Kotak Mahindra Capital—to manage its initial public offering (IPO).PhonePe could aim to raise billions for a valuation of up to $15 billion, as per a report by Moneycontrol. However, the PhonePe IPO details have not been officially disclosed yet.In its annual report, the company stated that the decision was driven by its strong belief that, as a homegrown and highly regulated Indian fintech firm, it should eventually go public on Indian stock exchanges. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.