Naspers-owned online payments service provider PayU has bought Mumbai-based rival Citrus Pay for $130 million (865 crore). This is one of the biggest deals in the country’s emerging financial technology space, creating a new entity that will compete with Alibaba-backed Paytm, Snapdeal-owned FreeCharge and MobiKwik, reported ET. IndusLaw advised PayU and the team included Partner Srinivas Katta along with Principal Associate, Winnie Shekar and Senior Associate, Ashi Bhat. Partner, Avimukt Dar advised on competition law issues while Partner, Avik Biswas advised on employment law issues. P C Legal acted for Citrus Pay with a team led by Partner Vishnu Jerome along […]
The post IndusLaw, PC Legal, Veritas act on Naspers-owned PayU acquisition of Citrus Pay
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