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Khaitan acts for Wadhawan Global on $13m slump-sale to Sachin Bansal for insurance play (Jan '20) - Legally India


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In Brief
Monday, 17 May 2021 17:54
Corporate M&A
Flipkart co-founder Sachin Bansal has acquired a general insurance company and applied for a bank licence, as he takes rapid strides to build a diversified financial services business after leaving the online retailer in 2018.
Navi Technologies, owned by Sachin Bansal, acquired 100% of the share capital of DHFL General Insurance from Wadhawan Global Capital for a deal consideration of nearly INR 100 crores, while selling a minority stake to IFC to bid for a banking licence. ....

Niren Patel , Sachin Bansal , Kriti Gangwar , Saswat Subasit , Wadhawan Global Capital , Khaitan Co , Global Capital Limited , Khaitan Amp Co , சச்சின் பன்சால் , வாதவன் உலகளாவிய மூலதனம் , கைதன் இணை , உலகளாவிய மூலதனம் வரையறுக்கப்பட்டவை , கைதன் ஆம்ப் இணை ,

Sachin Bansal's Chaitanya India Finance, 7 others apply for on-tap banking licences


Bansal, who co-founded Flipkart, is already a major player in the digital lending space.
Sachin Bansal’s company applies for on-tap banking licence 
New Delhi: Sachin Bansal’s Chaitanya India Finance along with three others have applied for on-tap universal banking licence, the Reserve Bank of India said yesterday. Chaitanya India has earlier announced its intent to pursue a banking licence. 
Bansal, who co-founded Flipkart, is already a major player in the digital lending space. His venture Navi Technologies, which he founded after existing Flipkart in 2018 after the e-commerce major was acquired by Walmart, gives unsecured loans up to Rs 5 lakh for a tenure of 12-24 months based on its own paperless credit underwriting mechanism.  ....

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Aadhar Housing Finance Files Rs 7,300-crore IPO Papers With Sebi


BookBaggage launches app-based delivery service in collaboration with Indian Railways
BookBaggage already offers baggage delivery services for airline passengers and has now extended it to Railways passengers.
PTI
Representative Image
Luggage delivery service provider BookBaggage on Tuesday announced the launch of its app-based service in collaboration with the Indian Railways, that aims to offer safe transit of luggage and parcel. BookBaggage already offers baggage delivery services for airline passengers and has now extended it to Railways passengers, the company said in a statement.
The company has simultaneously launched app-based end-to-end parcel services for customers wanting to send parcels by train, it added. We are thrilled to introduce our new app for Railway passengers. We as a brand are dedicated towards providing the best services to our customers and making their travel hassle-free. ....

Citigroup Global Markets India Pvt Ltd , Dewan Housing Finance Limited , Securities India Pvt Ltd , Capital Markets Ltd , Pte Ltd , Aadhar Housing Finance , Wadhawan Global Capital , Nomura Financial Advisory , Pvt Ltd , Markets Ltd , சிட்டி குழுமம் உலகளாவிய சந்தைகள் இந்தியா பிரைவேட் லிமிடெட் , திவான் வீட்டுவசதி நிதி வரையறுக்கப்பட்டவை , பத்திரங்கள் இந்தியா பிரைவேட் லிமிடெட் , மூலதனம் சந்தைகள் லிமிடெட் , ட் லிமிடெட் , ஆதார் வீட்டுவசதி நிதி , வாதவன் உலகளாவிய மூலதனம் , பிரைவேட் லிமிடெட் , சந்தைகள் லிமிடெட் ,