India approves PayU’s $4.7 billion acquisition of BillDesk

India’s antitrust watchdog has approved PayU’s proposed acquisition of payments gateway BillDesk, the second largest M&A deal in the South Asian market’s consumer internet space, more than a year after the two firms announced their merger plan.
The Competition Commission of India said in a tweet that the deal had been approved, but did not elaborate. The watchdog extensively evaluated the scope of the deal, announced in August last year, in recent quarters, meeting several competitors and other industry players, people familiar with the matter said.
The CCI asked the two

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