PhonePe names top officials as key management personnels

Walmart-backed payments company PhonePe has named chief executive Sameer Nigam, chief technology officer Rahul Chari, chief financial officer Adarsh Nahata and company secretary Ankit Popat as key management personnel, stated a Moneycontrol report.

Here, the executives will be considered the go-to people for any issues pertaining to regulatory or for communication with the Reserve Bank of India (RBI) or market regulators SEBI, etc.

This announcement is a part of PhonePe's move to becoming a public company from a private company, ahead of its planned Initial Public Offer (IPO), further added the report.

In April, it had been reported that PhonePe had transitioned from a private firm to a public company, ahead of its IPO, where it would change its name from PhonePe Private Limited to PhonePe Limited.

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