Svatantra Microfinance

Svatantra Microfin files papers with Sebi for ₹3,000 crore public offer

The proposed IPO comprises a fresh issue and an offer for sale of Rs 1,500 crore each; fresh proceeds will be used to augment the microfinance lender's Tier-I capital

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