Sachin Bansal invests Rs.200 crore in Piramal Enterprises' debt
Tuesday, July 16, 2019, 6:50 PM
Flipkart Co-founder Sachin Bansal has invested Rs.200 crore in debt papers issued by Piramal Enterprises, via non-convertible debentures (NCDs) route, a source reported. The NCD, issued at an interest coupon of around 9.5% and a repayment period of two years, would be used in Piramal's financial services business, the report said. Piramal Group is also reportedly in fundraising talks with SoftBank.
Sachin Bansal joins Ujjivan Small Finance Bank as independent director
Friday, May 31, 2019, 5:11 PM
Co-founder and ex-CEO of homegrown e-commerce giant Flipkart, Sachin Bansal, has joined the board of Ujjivan Small Finance Bank as an independent director. Ujjivan had recently also appointed HDFC Bank's former digital banking head Nitin Chugh as its next CEO. Ujjivan MD Samit Ghosh revealed the bank is trying to scale up and turn into a mass market bank.