Wed, February 19, 2025
Tue, February 18, 2025

Competition Commission clears merger of two entities into 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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