Competition Commission clears merger of two entities into Svatantra Microfin

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Competition Commission clears merger of two entities into Svatantra Microfin

//sports-competition.news-articles.net/content/2 .. ger-of-two-entities-into-svatantra-microfin.html

Published in Sports and Competition on Wednesday, February 19th 2025 at 10:25 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The Competition Commission of India on Tuesday cleared a proposed combination involving the merger of Chaitanya India Fin Credit and Svatantra Holdings into Ananya Birla-led Svatantra Microfin

The Competition Commission of India (CCI) has approved the merger of two non-banking financial companies, Chaitanya India Fin Credit Pvt Ltd and Spandana Sphoorty Financial Ltd, into Svatantra Microfin Pvt Ltd. This merger aims to create one of the largest microfinance institutions in India, with a combined asset under management (AUM) of approximately Rs 13,000 crore. The approval was granted after the CCI determined that the merger would not lead to any adverse effects on competition in the market. Svatantra Microfin, backed by private equity firms like Advent International and Multiples Private Equity, will now have an extensive network and enhanced capabilities to serve the microfinance sector more effectively.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/sports/other/competition-commission-clears-merger-of-two-entities-into-svatantra-microfin/ar-AA1zi6jb ]

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