Bank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the three sources, who declined to be named as the plan is private
The move escalates the competition between Alipay and WeChat, the super app owned by Asia's second-largest company and Jack Ma's rival billionaire Pony Ma
To better protect the interests of consumers, we decided to impose the rule on limiting interest rates to 24 per cent for products being marketed on Lifestyle, the company said
