ALOK BANSAL

PB Fintech founders sell over 1% stake for Rs 920 crore

PB Fintech's co-founders, Yashish Dahiya and Alok Bansal, sold a little over 1% stake in the company for ₹920 crore through open market transactions. Dahiya and Bansal offloaded 50.50 lakh shares, reducing their holdings. The shares were acquired by domestic mutual funds, insurance companies, and foreign investors, including Tata Mutual Fund and Goldman Sachs.

Travel portal ixigo's parent firm, Bansal Wire Industries get Sebi's go-ahead to float IPO

The Gurugram-based Le Travenues Technology's proposed IPO will be a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).

PB Fintech's Dahiya, Bansal likely to sell stakes worth Rs 1,053 crore

Dahiya plans to sell up to 54 lakh shares, while Alok Bansal intends to sell up to 29.70 lakh shares, valuing the deal at about ₹1,053 crore at the floor price.

PB Fintech's top executives to offload marginal stakes; floor price at Rs 1,258

Substantial portions of the proceeds from the sale will be used to make the payment of taxes on current and future ESOP exercises. ESOPs are subject to payment of taxes on exercise in addition to the payment of capital gain tax on the sale of shares. Post the sale Yashish Dahiya will continue to have a 4.83% stake and Alok Bansal will have a 1.63% stake in PB Fintech on a fully diluted basis.

Multi-polar world gives opportunity to re-start nuclear disarmament discussion: Ex-Deputy NSA Arvind Gupta

Addressing a conclave at the Manilaxmi Temple in Anand in Gujarat, Gupta said re-energising the debate on complete nuclear disarmament will be the first step towards global security on the path of creating a global order based on 'Vasudhaiva Kutumbakam'.

PolicyBazaar rejigs its top deck, elevates Alok Bansal as executive vice chairman

PB Fintech, the parent firm of insurance marketplace PolicyBazaar, has elevated cofounder and chief financial officer (CFO) Alok Bansal to executive vice chairman and has invested further in its insurance broking arm.

NSE-BSE bulk deal: Alok Bansal sells Rs 236 cr worth of Policybazaar shares

The transaction was valued at Rs 236 crore. It was not clear who bought those shares. The stock earlier fell about 11 per cent as rumours of him and another co-founder Yashish Dahiya selling stake had already spread.

Market movers: Why Sapphire Foods jumped 17%

The firm acknowledged that the third wave of the Covid pandemic has again resulted in some operational disruptions in January and February in few markets

Policybazaar shares tank 10% after block deal

According to the data from National Stock Exchange (NSE), about 77.98 lakh shares of PB Fintech changed hands, whereas 5.82 lakh shares were traded on BSE

Forcing companies to declare profits early will destroy shareholder value: Policybazaar founder

Shares end opening day’s trade with 23% gain over issue price

Who are Yashish Dahiya and Alok Bansal, founders of Policybazaar?

For Yashish Dahiya and Alok Bansal, their 13-year journey of building Policybazaar as India’s largest insurance marketplace started even before they launched the company.

Policybazaar founders to cut sale of own shares in IPO by 85-90%

The increased interest in startup IPOs and headroom for further growth in business as well as valuation after the Policybazaar IPO led founders Yashish Dahiya and Alok Bansal to reduc their stake sale by 85-90% in value.

Policybazaar’s Yashish Dahiya and Alok Bansal on IPO size, pricing & expectations

“We are quite comfortable about our IPO size because whatever feedback we received from investors, whatever we have heard from the bankers, the number of investors who have been interested and bid for the anchor book etc., make us feel confident,” says Dahiya.

'The Hard Thing about Hard Things' taught 13SQFT CEO that magic happens outside one's comfort zone

Alok Bansal shares his favourite lockdown reads and how they have helped him grow amidst the pandemic.

The Economic Times presents Beneath the Surface in Association with Microsoft : CEO speak, featuring Alok Bansal, Co-founder and CFO, PolicyBazaar

Visionet to more than double India headcount to 7,000 people by December 2021

Visionet India MD and country head Alok Bansal said the company has already hired 600 people in the last 4-5 months and is looking to hire another 600 people by the end of this year.

Alok Bansal feels leaders must learn to ‘walk the talk’ like Alexander

Visionet Systems India MD has picked up hobbies during the pandemic.

Policybazaar appoints Chetna Gogia as new head of HR

Gogia will be responsible for overseeing the company’s human resources while helping business leaders with strategic people planning.

Visionet plans to hire 800 employees in 6 months

"We are planning to hire around 800 people in the next six months which will take our team strength to over 2,500 in India," Visionet Managing Director Alok Bansal told.

Revealed: How technology helped PolicyBazaar achieve 100% y-o-y growth

The urge to reinvent himself and seek out new challenges got him a plum position at PolicyBazaar, where as the CTO and CPO, he heads all things digital, including product, technology, and digital marketing.

Policy Bazaar ups marketing spend, ropes in comedian Kapil Sharma as brand ambassador

The online financial services platform has roped in actor-comedian Kapil Sharma as its brand ambassador, and increased its marketing budget by four times.

PolicyBazaar.com to raise Rs 100 crore; plans to utilise proceeds for expansion, raising sales

If successful, the transaction, which is expected to close by July this year, will be the third round of equity financing raised by the Gurgaon-based venture.