Sept 24 (Reuters) - PAYMATE :
* PAYMATE: DIGIASIA VALUED AT $400 MILLION IN PROPOSED TRANSACTION
* PAYMATE ANNOUNCES INTENT TO ACQUIRE DIGIASIA
* PAYMATE: POST PROPOSED TRANSACTION, PAYMATE INTENDS TO INVEST UP TO US $25 MILLION IN CASH
* PAYMATE: POST CLOSING, INTENDS TO INITIATE PROCEEDINGS TO LIST COMBINED ENTITY IN INDIA
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