Page 4 - Affle Global News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Singapore, June 28 (ANI/PRNewswire): With respect to Affle Global Pte. Ltd. ("AGPL") minority shareholding in OSLabs Pte. Ltd. ("OSLabs" or "Indus OS"), AGPL finds that 100+ media stories were reported mostly with PhonePe's bias on the OSLabs related matters including PhonePe's alleged 92 per cent acquisition of OSLabs, USD60Mn valuation of OSLabs, court cases, arbitration, ethics and more. In contrast to the PhonePe and OSLabs founders/CEO venting unsubstantiated claims in the media, AGPL has maintained restraint with our no spokesperson policy even though we had favourable arbitration order...

In todays ETtech Morning Dispatch: India to start testing drone delivery this week; Byjus is Indias most valued startup; and PhonePe-IndusOS deal lands in front of Sebi.

PhonePes complaint with Sebi against Ventureast follows allegations that Ventureast sold its stake in IndusOS to Affle

PhonePe has also filed a case against Affle and Ventureast (another IndusOS investor) in a Singapore court. The lawsuit claims that VPF "deliberately deceived" PhonePe, by continuing to engage PhonePe and OSLabs on the sale of its shares.

PhonePe CEO Sameer Nigam says the complaint seeks to expose the “unethical conduct” by VPF in relation to the Indus OS deal.