Top headlines: PayU calls off BillDesk buy; Adani Group stocks crack

The Adani Group stocks had been major outperformers so far this calendar year, hence the current selling can be attibuted to profit-taking at these counters

India's largest fintech M&A deal falls through: PayU calls off BillDesk buy

The biggest merger & acquisition (M&A) deal in the Indian financial technology space has fallen through, with Prosus-backed PayU calling off the acquisition of BillDesk. The acquisition, for a total consideration of $4.7 billion, had been announced on August 31, 2021.

In a statement issued on Monday, Prosus said: “Closing of the transaction was subject to the fulfilment of various conditions precedent, including approval by the Competition Commission of India (CCI). Read more

Adani Group stocks crack; Adani Enterprises, ATGL hit 10% lower limit

Shares of Adani Group stocks