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PayU's acquisition of Billdesk delayed as Indian antitrust authorities demand fresh filings

By Freny Patel ( February 23, 2022, 03:25 GMT | Insight) -- The largest consolidation ever in the Indian fintech space — the $4.7 billion acquisition of Billdesk by Prosus-backed PayU — could be delayed, with the country’s antitrust authority seeking additional information and telling the companies to refile the merger application. Because PayU and Billdesk are the two largest players in the Indian digital payment space, rivals have expressed concerns over a potential monopoly, MLex has learned. The biggest consolidation ever in the Indian fintech space — the $4.7 billion acquisition of Billdesk by Prosus-backed PayU — could be delayed, with the country’s antitrust authority seeking additional information and telling the companies to refile the merger application....

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