The Competition Commission has cleared the US-based firm Visa's minority stake purchase in domestic payments processing company Billdesk.
The US-based payment processing firm in November 2018 had said that it has picked up a minority stake in Billdesk which is operated by Mumbai-based IndiaIdeas.com Ltd. The amount for the deal was however not disclosed.
In a tweet on Thursday, the Competiton Commission of India (CCI) said it "approves acquisition of shares by Visa in IndiaIdeas."
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