Sachin Bansal’s Navi Finserv to raise Rs 600 crore through NCDs

Flipkart cofounder Sachin Bansal’s lending startup Navi Finserv is looking to raise Rs 600 crore through non-convertible debentures (NCDs), the company said in a statement on Monday.

The bonds will have tenors of 18, 27 and 36 months with effective yields ranging from 10.4% to 11.19%, it added.