Navi Technologies

Navi Finserv’s third non-convertible debentures opens on February 26 with an issue size of Rs 600 crore. The fintech’s two previous NCDs had raised close to around Rs 1,000 crore

Sachin Bansal's Navi Technologies lays off around 200 employees

Reportedly the lay-off started a couple of weeks back, and more employees are likely to be fired from the company.

Can two high profile issues revive the IPO market? 

Despite the poor sentiment, IPOs of small companies have been heavily oversubscribed, while private equity deals and private placements are continuing. But the IPOs of Mankind Pharma and Navi Technologies will be a test of the appetite for large issues 

Sachin Bansal-led Navi Technologies gets SEBI nod for Rs 3,350 crore IPO

The fintech company plans to invest the proceeds of the IPO in Navi Finserv and Navi General Insurance companies in addition to general expansion goals.

Navi Technologies IPO: List of ongoing litigations against founder Sachin Bansal

ED had filed a show cause notice against Bansal and nine others in July 2021, alleging FEMA violations in Flipkart.

Sachin Bansal-led Navi Tech files papers for Rs 3,350-crore public offer

Navi has opted for the inorganic route in the past to enter segments and its businesses include lending, general insurance, mutual funds, and microfinance. The firm is awaiting approval from the RBI for a universal banking licence to build a bank from the ground up, utilising the technology stack built in-house. It also has a stockbroking licence from Sebi.

Sachin Bansal-backed Navi Tech kick-starts process for 2022 IPO; appoints four I-bankers

Navi has opted for the inorganic route in the past to enter segments and its businesses include lending, general insurance, mutual funds and microfinance. The firm is awaiting approval from the RBI for a universal banking licence to build a bank from the ground up, utilising the technology stack built in-house. It also has a stockbroking licence from Sebi.

Sachin Bansal’s Navi Technologies posts Rs 71 crore profit in FY21, revenue up 143% YoY

Navi aims to compare itself with banks, NBFCs and is awaiting RBI’s nod for a universal banking license. The startup’s income jumped by 251% to Rs 780 crore in FY21.

Sachin Bansal's Navi Technologies inducts former RBI deputy governor Anand Sinha on board

Nachiket Mor, Visiting Scientist at The Banyan Academy of Leadership in Mental Health and former India Country Director, Bill & Melinda Gates Foundation, has also been appointed to the Board of Directors of Navi General Insurance

SEBI likely to give a nod to Sachin Bansal-led firms’ acquisition of Essel Mutual Fund

If SEBI agrees to Sachin Bansal’s purchase, it could be the first such instance where a company will be allowed to become a sponsor as per new regulations that have been relaxed lately by the premier markets regulator.