Unity SFB not affected by BharatPe tussle: Centrum Capital's Jaspal Bindra

Jaspal Bindra says Centrum's partnership is with funds like Sequoia, not Grovers

The heating up of the tussle at BharatPe, involving Founder & Managing Director Ashneer Grover, will not have any adverse impact on Unity Small Finance Bank (SFB), in which the fintech unicorn has a 49 per cent stake, said Jaspal Bindra, chairman of bank’s promoter Centrum Capital.

“Our partnership (with BharatPe) is with the funds that manage billions of dollars across the world like Sequoia that own around 85 per cent of the company. What happens within the company regarding Grover, his wife Madhuri Jain, or any other employee and founder, is their internal matter,” said Bindra.

“BharatPe is a shareholder in