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Sachin Bansal Poised To Acquire Bengaluru-Based Microfinance Firm

Sachin Bansal Poised To Acquire Bengaluru-Based Microfinance Firm

  • After exiting the ecommerce company last year, Flipkart cofounder Sachin Bansal has been investing in NBFCs, and is expected to make more inroads with his new venture, BAC Acquisitions.
  • According to filings by the company, it has got shareholder approval for another "target acquisition".
  • A media report today (April 12) cited sources to claim that Sachin Bansal is looking to acquire as much as 75% stake in Bengaluru-based Chaitanya Rural Intermediation Development Services which runs a microfinance institution, Chaitanya India Fin Credit (CIFCPL) in a deal worth INR 200 Cr.
  • Also, later reports surfaced that Bansal has been in discussions with financial experts on the potential to launch a new venture in the fintech sector.


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