According to the sources, around 250 shares of the company have been allotted to Bansal, with a face value of ₹10 lakh each as unrated non-convertible debentures.
As per the media reports, Bansal will have a bigger hand in the company after the investment since he has now acquired a larger stake in the firm.
While, Chaitanya India Finance is a Bengaluru-based micro-finance company run by Chaitanya Rural Intermediation Developments Services and it was founded in 2009.The company currently operates across Karnataka, Maharashtra, and Bihar.
The company provides joint liability group loans along with financial literacy programmes to rural communities in the three states.
Furthermore, Bansal, after deboarding the Flipkart, has been actively investing in several startups across the sectors.
Also, in early 2019, Bansal invested $93 million in Ola, which is being seen as one of his largest round of investments.