Tag: Sachin Bansal

Sachin Bansal-led Navi Technologies to buy DHFL General Insurance

NEW DELHI: Sachin Bansal-led Navi Technologies will acquire DHFL General Insurance Ltd (DHFLGI) for an undisclosed amount. DHFLGI, Wadhawan Global Capital Ltd and Navi Technologies had entered into a share purchase agreement dated January 2, 2020 for the transaction, according to a notice in a newspaper. “…the acquirer (Navi) proposes to acquire 19,00,50,000 equity shares […]

Sachin Bansal, Reliance MF, other investors of Altico face defaults on Rs 95 crore debt

MUMBAI: Nonbank lender Altico Capital’s bond investors, including Flipkart cofounder Sachin Bansal and Reliance Mutual Fund, face immediate defaults on two series of outstanding debt coming up for repayment in the next two weeks–about Rs 95 crore all told is due on September 26 and 29. Altico has bonds worth a total Rs 1,808 crore […]

Income Tax department seeks details of income earned by Sachin, Binny Bansal from Walmart deal

NEW DELHI: The Income Tax department has written to Flipkart founders Sachin and Binny Bansal seeking to know the details of the income earned following their share sale to US retail giant Walmart and when they would be depositing the advance tax, an official said. As per the Income Tax laws, both Sachin and Binny […]

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