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

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.

Khaitan & Co advised Wadhawan Global Capital Limited led by a team of partner Niren Patel, principal associate Saswat Subasit, senior associate D Preethika and associate Kriti Gangwar.


Deal value: $13m

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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