PayU Confirms It Backed Out From Plan To Acquire BillDesk, An Agreed $4.7 Billion Deal
India.com Business Desk | Oct 3, 2022, 5:18 PM IST
The $4.7 billion deal between the Indian fintech company BillDesk and Prosus-owned PayU was announced on August 31. Even though the agreement was made, the closing of the transaction was subject to the fulfilment of various conditions precedent, including approval by the Competition Commission of India (CCI).
