News > CCI clears PayU's $4.7 billion acquisition of BillDesk

CCI clears PayU's $4.7 billion acquisition of BillDesk

A year after the deal was announced, the Competition Commission of India (CCI) on Monday said it has approved payments major PayU's $4.7 billion acquisition of online payments firm BillDesk.

While the detailed order by the CCI is awaited, it wrote on Twitter, "Commission approves acquisition of 100% of the equity share capital of http://IndiaIdeas.com (BillDesk) by PayU Payments."