The logo for Square, Inc. is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew KellyRegister now for FREE unlimited access to Reuters.com RegisterNov 4 (Reuters) - Square Inc (SQ.N) shareholders have approved the issuance of new shares for the U.S. company's $29 billion purchase of Afterpay Ltd (APT.AX), bringing Australia and the buy now, pay later sector's largest buyout a step closer to fruition. The purchase by Square, the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, underlined the growing popularity of an industry that has upended traditional consumer credit. Its shareholders are set to receive 0.375 of Square class A stock for each unit held, implying a price of A$126.21 per share at the time of the announcement in August. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nikhil Kurian Nainan in Bengaluru; Editing by Aditya SoniOur Standards: The Thomson Reuters Trust Principles.