CCI Approves PayU’s Acquisition Of BillDesk

The Competition Commission of India (CCI) on Monday approved the acquisition of 100 per cent of the equity share capital of IndiaIdeas.com (IIL) by PayU Payments Private (PayU India).

As per the official statement, the proposed combination relates to the acquisition of 100 per cent of the equity share capital of IIL by PayU India.

PayU India primarily provides payment aggregation services that enable merchants (and other entities) to receive payments from their customers across various digital payment methods. 

Meanwhile, IIL primarily provides payment aggregation services that enable merchants (and other entities) to receive payments from their customers across various digital payment methods.