Shortly after the Singapore High Court dismissed Affle's appeals challenging the acquisition of Indus OS by Flipkart-owned PhonePe, all parties involved reached an out-of-court settlement agreement.
In a joint statement, PhonePe, Indus OS, AGPL, and VPF stated that the resolution of the dispute involving VPF shares in Indus OS is a significant step toward a better outcome for Indus OS and its stakeholders. The announcement comes a month after the Singapore High Court dismissed Affle's appeals to halt the deal.