• Chethan Machaknur

BillDesk plans to sell-off business for $2.5 billion

Payment gateway BillDesk, is looking to sell off its business and is in talks with at least eight investment banks, including Goldman Sachs, JPMorgan and Morgan Stanley.The decision stated was due to the increasing amount of competition in the digital payments service field.

Previously Visa had bought a minority stake in Billdesk, valuing the company at an estimated $1.8 billion. The transaction involved an investment of Rs.537.06 crore for 2.46 lakhs equity share at a price of ₹21,832.04 each. 

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