Ananya Birla's Svatantra Microfin is set to acquire Sachin Bansal-backed Chaitanya India Fin Credit, a wholly-owned subsidiary of Navi Group for ₹1,479 crore. The proposed acquisition is expected to turn Svatantra into the second-largest microfinance entity in India. Last year, the Reserve Bank of India rejected Chaitanya's application for Universal Bank Licence.