PhonePe's broking arm share.market saw Ujjwal Jain step down as its head, with Vijay Ajmera taking over, Moneycontrol reported, citing sources. Jain previously worked at Morgan Stanley and DE Shaw, while Ajmera led PhonePe's corporate finance team. Notably, share.market is the 19th largest broking firm in India. PhonePe had entered the stock investment space after acquiring WealthDesk and OpenQ.