billdesk

IndiaIdeas.com Ltd, which operates payment gateway service provider, BillDesk, has seen its overall profit decline 39% in the fiscal year ended March 31, 2022 (FY22) to Rs 149.6 crore from Rs 245.5 crore in the year ago period. As profits…

New Delhi, October 3 Prosus NV, which owns PayU, has terminated a $4.7-billion (about Rs 38,400-crore) deal to acquire Indian payments firm BillDesk after conditions on the deal weren’t…

Prosus’s $4.7 billion deal to buy BillDesk would have been one of the largest ever in India's technology sector, but how does it compare with the world’s biggest tech takeover deals that went south? It’s of course dwarfed by the biggest…

In 2018, US retail giant Walmart picked up a 77% stake in Flipkart for $16 billion. Now, another big-ticket deal – which would have been the second-largest acquisition in the Indian tech space after Flipkart's – has fallen though. Prosus,…

Prosus, an Amsterdam-based consumer internet group and technology investor, has scrapped the $4.7 billion acquisition of BillDesk, a Mumbai-based online payment gateway citing the non-fulfillment of ‘certain conditions’‘ September 30. On…

Prosus’ deal to acquire online payments company BillDesk for $4.7 billion included a breakup fee of around $50-$100 million, people in the know of the matter told ET. This clause is, however, unlikely to kick in for Prosus (formerly…

Investor Prosus NV said on Monday a $4.7 billion deal to buy BillDesk, which would have been one of the largest in India's financial technology sector, was "terminated", saying conditions of the deal had not been met.…

Prosus, the global investment arm of South African multinational Naspers, has cancelled a $4.7 billion deal to buy Indian payments firm BillDesk amid a crash in the valuations of major tech startups. The deal, which was set to be Prosus’s…

Prosus NV, which owns PayU and is the global investment arm of South African multinational Nasper, on Monday said it has terminated a $4.7-billion (nearly Rs 38,400 crore) deal to acquire Indian payments firm BillDesk. The firm said certain…

Prosus-owned PayU on Monday said it is terminating its $4.7 billion deal to acquire rival payments gateway firm BillDesk. According to the note put out by Eoin Ryan, head of investor relations, Prosus, ‘certain conditions precedent were not…