Cyril Amarchand Mangaldas acted as legal counsel for Navi Technologies and Navi Finserv on sale of 100% stake in their microfinance subsidiary Chaitanya India Fin Credit, to Svatantra Microfin, a group company of the Aditya Birla Group, for a purchase consideration of Rs. 1479 Crore. Chaitanya is engaged in business of providing microfinance loans to joint-liability groups and is…
Navi Technologies, a financial services holding company, announced it has secured an additional Rs 204 crore investment from mid-market private equity firm Gaja Capital, the company stated in filings submitted to the Registrar of Companies. Bansal, co-founder and former chief executive of India’s largest online retailer Flipkart, has also been named as the managing director…
Navi Technologies, a consumer-centric and technology-driven business in the BFSI (Banking, Financial Services & Insurance) space, has received about Rs. 888 cr from its founder Sachin Bansal. Navi Technologies was earlier known as BAC Acquisitions. The company was founded by Sachin Bansal & Ankit Agarwal in 2018. Sachin Bansal also invested $3 million each in…