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Ananya Birla's MFI buys Sachin Bansal's Chaitanya for ₹1,479 crore
short by Mansi Agarwal / on Saturday, 25 November, 2023
Ananya Birla's Svatantra Microfin has completed the acquisition of Flipkart Co-founder Sachin Bansal-backed Chaitanya India Fin Credit for ₹1,479 crore. Sharing the news on X, Ananya said the acquisition makes Svatantra the second-largest microfinance institution (MFI) in India with assets under management worth ₹13,000 crore. The deal was first announced in August.