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Sachin Bansal buys DHFL General Insurance

Sachin Bansal buys DHFL General Insurance

Friday, January 10, 2020, 8:37 PM

Flipkart co founder Sachin Bansal has acquired DHFL General Insurance from WGC for around Rs.100-crore, people in the know of the deal said. The transaction is seen as a distress sale for WGC, which used to run bankrupt home financier Dewan Housing Finance, one of the persons said. Flipkart co-founder Sachin Bansal's bet on the insurance-firm is part of his broader ambition in financial-services-industry.
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