September 15, 2022

Flipkart co-founder Sachin Bansal-led Navi Technologies has received the green signal from markets regulator the Securities and Exchange Board of India (SEBI) for its public listing.

Navi Technologies had filed draft papers in March this year with SEBI to raise up to Rs 3,350 crore through a fresh issue of shares. The IPO will have an offer for sale (OFS) by Bansal who holds a 97.39 percent stake in the fintech.

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