CCI seeks more information, likely delaying PayU's acquisition of Billdesk

The deal will help PayU become an online payment provider globally by total payment volume.

Prosus-backed PayU’s acquisition of Billdesk--one of the largest deals in domestic fintech--seems delayed as the Competition Commission of India (CCI) has asked for additional information about the deal announced in September 2021.

The companies have said the acquisition is subject to CCI approval. Sources said that the CCI asking for additional information is regular practice.

“Refilings of merger notifications are not uncommon--the CCI has in approximately 30 instances in the past directed that a revised merger notification be re-filed. These transactions were approved following the CCI’s review of the revised filings. For instance, combinations involving Linde Aktiengesellschaft and Praxair, Dow