What’s holding up Alibaba's proposed $1b investment in Indian handsets maker Micromax?

What’s holding up Alibaba's proposed $1b investment in Indian handsets maker Micromax?

Nearly a year after China’s Alibaba Group Holding Ltd and India’s Micromax Informatics Ltd began talking about a $1 billion infusion by the marketplace into the Indian handset maker and three months after the deal was expected to be announced, the transaction is yet to reach closure.

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