PhonePe and Indus OS shareholders reach out of court settlement
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PhonePe has reached an out-of-court settlement with investors disputing the mobile wallet firm’s acquisition of Indus OS, the former announced in a late Wednesday evening statement. “The settlement of the dispute involving VPF [Ventureast Proactive Fund] shares in Indus OS is a significant step towards a greater outcome for Indus OS and its stakeholders,” the statement, provided to news outlets by a PhonePe spokesperson, said.