Prosus terminates $4.7 billion deal to buy BillDesk

The deal's cancellation is bad news for Billdesk and its promoters, who stood to ake $1.4 billion from the deal. It is bad for the payment industry, which received global attention. Finally, the deal would have seen a sizeable inflow of dollars to the three Indian founders – MN Srinivasu, Ajay Kaushal and Karthik Ganapathy.

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