मैगज़्टर गोल्ड के साथ असीमित हो जाओ
9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Ananya Birla's Svatantra to acquire micro lender Chaitanya for ₹1,479 cr
The Morning Standard
|August 09, 2023
IN one of the biggest deals in the microfinance industry, Ananya Birla's Svatantra Microfin Private Ltd (Svatantra), has entered into a definitive agreement to acquire Chaitanya India Fin Credit Private Ltd (Chaitanya), a wholly owned subsidiary of Navi Group (Navi) for ₹1,479 crore.
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The transaction is expected to be completed by the end of 2023, subject to receipt of regulatory approvals and customary closing adjustments. Flipkart founder Sachin Bansal had forayed into financial service by acquiring Chaitanya for ₹150 crore in October 2019. The proposed acquisition is expected to transform the microfinance landscape, catapulting Svatantra into the second-largest microfinance entity in India with a reach of over 3.6 million active customers through 1,517 branches across 20 states and a combined asset under manag
यह कहानी The Morning Standard के August 09, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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