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Sachin Bansal in talks for large stake in micro finance company

“Bansal is also talking to other small shareholders in the company to buy their stakes to increase his holding,” said one of the sources briefed on the deal. The Bengaluru-based company has a loan portfolio of Rs 390 crore and 2.5 lakh active borrowers. Chaitanya could be valued at Rs 760 crore in the transaction, said sources in the microfinance industry, but this could not be independently ascertained.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2IdxwBB

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