Recently the Indian Parliament approved the Competition (Amendment) Bill, 2022 (“Bill”) which introduces significant changes to the Competition Act, 2002 (“Act”). The Bill, inter alia, introduces.
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 met. In a statement, Prosus said certain conditions precedent weren’t met by the deadline at the end of September.