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Prosus-backed PayU receives show-cause notice on $4.7 billion takeover of India's BillDesk

By Freny Patel ( August 29, 2022, 08:21 GMT | Insight) -- Prosus-backed PayU has received a show-cause notice from the Indian antitrust watchdog over the proposed $4.7 billion acquisition of Indian payment gateway BillDesk, MLex has learned. The Competition Commission of India does not seem to have accepted Netherlands-controlled PayU's argument that the payment gateway market is highly competitive, and that the deal will not cause any adverse effect on competition.Prosus-backed PayU has received a show-cause notice from the Indian antitrust watchdog, which is expressing concern over the proposed $4.7 billion acquisition of Indian payment gateway BillDesk, MLex has learned....

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