News Snapshot:
PayU India payments has recently received an approval from the Competition Commission of India (CCI) for the acquisition of 100 percent equity of indiaideas.com (BillDesk), an online payment gateway provider. The announcement for acquiring digital payments provider BillDesk at $4.7 billion (about Rs 34,400 crore) initially came from Prosus NV-backed PayU in August last year. After the CCI approval for the acquisition, this has now become one of the biggest deals in the Indian online consumer space. The CCI has approved PayU India’s 100 percent acquisition of the online payment gateway provider BillDesk on Monday. Under the deal, PayU India...
