Ananya Birla founded Svatantra to acquire Sachin Bansal's Chaitanya

Ananya Birla’s Svatantra Microfin to acquire Chaitanya India Fin Credit, a wholly-owned subsidiary of Bansal-owned Navi Group, for ₹1,479 crore.

The acquisition is expected to be completed by the end of 2023 and is subject to regulatory approvals and customary closing adjustments

Post-acquisition, Svatantra will become second-largest microfinance entity in India.

Chaitanya India Fin Credit was acquired by Sachin Bansal in 2019 for about Rs 150 crore and has grown 77% YoY with a book size of Rs 4,900 crore.