[flagged]
It could have been a million things:
- Key member of Exec team sponsoring the deal left (unlikely)
- Funding didn't work out
- Priorities at customer change
- They were mis-sold (unlikely)
- The announcement of the deal closing was presumptive and didn't actually happen (likely)
If you search for the same topic from other sources, there are some more data/indications but nothing clear at all.
Here is one with some data - https://analyticsindiamag.com/what-happened-to-the-1-5-billi...
https://www.bseindia.com/xml-data/corpfiling/AttachHis/bbf48...