Ananya Birla’s Svatantra to acquire Sachin Bansal’s Chaitanya for INR 1,429 Cr


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Ananya Birla-led Svatantra Microfin Pvt Ltd on Tuesday said it has signed a definitive agreement to acquire Sachin Bansal-backed fintech startup Navi’s subsidiary Chaitanya India Fin Credit Pvt Ltd for INR 1,479 Cr. In a statement, Navi chairman and chief executive officer (CEO) Sachin Bansal said the deal is part of the company’s strategic plan to focus on digital-first businesses.