Ananya Birla: Svatantra Microfin completes acquisition of Chaitanya India Fin Credit

Svatantra Microfin has completed the acquisition of Navi Group's subsidiary, Chaitanya India Fin Credit, making it the second largest NBFC-MFI in India. The deal, valued at Rs 1,479 crore, was announced in August. The acquisition is positive for the microfinance sector and Svatantra, as it gives strategic outreach in South India.

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