India: Investigation into BillDesk acquisition by PayU Payments
Progress
Current status
concluded
05 Sep 2022 concluded
Scope
Implementers
India
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
competition authority
Implementation Level
national
Timeline of events
Competition Authority approves acquisition of BillDesk by PayU Payments
On 5 September 2022, the Competition Commission of India (CCI) announced that it had approved the acquisition of Indialdeas.com Limited (BillDesk) by PayU Payments Private Limited (PayU). The CCI conducted an investigation to ensure the acquistion w…
Event type
investigation
Action type
closure
Government branch
executive
Government body
competition authority