MICROCAPITAL BRIEF: Svatantra of India Paying Navi Group $179m for Microfinance Subsidiary Chaitanya microcapital.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from microcapital.org Daily Mail and Mail on Sunday newspapers.
The Rs 1,479 crore deal with Sachin Bansal is Ananya Birla led firm’s second and largest acquisition after it bought Micro Housing Finance for Rs 300 crore.
Svatantra Microfin Private Limited will be acquiring Sachin Bansal s Navi Group s subsidiary Chaitanya India Fin Credit Private Limited for Rs 1,479 crore. The deal is expected to be completed by the end of 2023, it said in a statement on Tuesday.
Mumbai: In one of the biggest deals in the microfinance industry, Ananya Birla’s Svatantra Microfin Private Limited (Svatantra), has entered into a definitive agreement to acquire Chaitanya India Fin Credit Private Limited (Chaitanya), a wholly owned