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PhonePe calls off deal with Zest Money over due diligence concerns

PhonePe initiated talks to acquire ZestMoney in November to bolster its digital lending forays

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PhonePe calls off ZestMoney deal over valuation, NPA issues in due diligence

The deal, which was poised to fetch between $200-$300 million, has hit a snag in the latter stages of due diligence.

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