/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The intent to separate PayU’s India business from its global operations and list it is all very well, but a knotty ownership structure, regulatory hurdles and wary investors could get in the way.
Prosus wants to revamp its business in India, and PayU lies at the heart of this plan. The Amsterdam-based technology investor is planning to spin off PayU’s India unit from its global fintech operations and list the business on the Indian exchanges soon, according to three industry executives in the know, who requested anonymity.
The objective is twofold. One, to make the fintech business in India leaner and profitable. And two, to effectively compete in the country’s burgeoning payments processing market. A potential IPO could also help Prosus diversify PayU India’s ownership by bringing in new investors and help secure …
