Amsterdam-Johannesburg listed group takes over payment aggregator
The Competition Commission of India (CCI) has approved 100% acquisition of the equity share capital of IndiaIdeas.com Limited (IIL) by PayU Payments Private Limited (PayU India) which is indirectly held by Euronext Amsterdam-listed Prosus N.V.
The proposed combination relates to the acquisition of 100% of the equity share capital of IIL by PayU India, said the CCI on 5 Sept 2022.
PayU India primarily provides payment aggregation services that enables merchants and other entities to receive payments from their customers across various digital payment methods.
IIL is an unlisted public limited company and uses the name “BillDesk” as its trading, business and brand name in India to provide payment aggregation services that enables merchants as well as other entities to receive payments from their customers across various digital payment methods.
Prosus has a primary listing on Euronext Amsterdam. Johannesburg Stock Exchange-listed Naspers Limited of Cape Town holds 73.6% voting rights in Prosus. fiinews.com
