Sachin Bansal’s Navi group credit finance company gets stable rating for Rs 500 crore debt

[ad_1]

NEW DELHI: Sachin Bansal-led Navi group’s credit finance firm, Chaitanya, on Wednesday said Crisil has given a stable (A-) rating for its bank borrowings of up to Rs 500 crore.

This rating has come at a time when the industry is reeling under lockdown, mandated to curb the deadly coronavirus, Chaitanya said in a release.

Chaitanya’s ratings have also been upgraded to BBB+ (stable) /A2+…

Navi Technologies aquires Bengaluru-based MavenHive

New Delhi, Dec 26 (IANS) Sachin Bansal and Ankit Agarwal-led Navi Technologies (formerly known as BAC Acquisitions) has acquired Bengaluru-based tech consulting firm MavenHive for an undisclosed sum.

As per the deal, along with other employees of MavenHive, the company’s founders, Bhavin Javia and Anandha Krishnan will join Navi.

The deal is expected help Navi boost its product development…