Nayar, who founded the e-commerce portal Nykaa in 2012 after a successful career as a top-notch investment banker, became a billionaire and India’s richest self-made woman last year after the unicorn’s blockbuster listing on stock exchanges. Falguni Nayar Family Trust holds a little over 22% stake in the company.
Lenders may turn to OFCB route to raise more funds abroad
Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an