Svatantra Microfin secures Rs 1,930 crore private equity investment, becoming India's largest microfinance firm post-acquisition.
Ananya Birla's microfinance firm, Svatantra Microfin, secures Rs 1,930 crore ($230m) investment from Advent International and Multiples Private Equity, making it the largest private equity investment in India's microfinance sector. This follows Svatantra's acquisition of Chaitanya India Fin Credit, with the combined entity set to become one of India's largest non-banking microfinance companies. The current promoter group, led by Ananya Birla, will retain a significant majority stake.
March 04, 2024
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