29 November 2022

New Delhi : Prosus NV , which owns PayU , has terminated a USD 4.7 billion ( about Rs 38,400 crore ) deal to acquire Indian payments firm Bill Desk after conditions on the deal weren’t met . In a statement , Prosus said certain conditions prece dent weren’t met by the deadline at the end of September .

acquisition of Bill Desk
acquisition of Bill Desk

Approval of the Competition Commission of India ( CCI ) . which was one of the conditions precedent , was received on September 5 but Prosus did not specify which other conditions were not met .

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