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PE firms Advent, Multiples to invest Rs 1,930 cr in Svatantra Microfin
The investment follows Svatantra's recent acquisition of Chaitanya India Fin Credit Limited
Svatantra Microfin-Chaitanya deal not trailer of M&A wave in MFI space
Huge business prospects for all players to grow
Ananya Birla's Svatantra MFI to acquire Chaitanya India Fin for Rs 1,479 cr
Combined entity to become 2nd-largest MFI player
Ananya Birla's Svatantra to acquire Navi Group's Chaitanya for Rs 1,479 cr
The acquisition is set to position Svatantra as the second largest NBFC-MFI in India, fostering a boost to microfinance reach and impact
Svatantra Microfinance reaches break even in FY17
The microfinance institution, having a loan book of Rs 260 crore, focuses on lending to rural women
