Ananya Birla's microfinance firm nets Rs 1,900 crore in sector's largest PE investment

On completion of the proposed transaction and merger with Chaitanya, the combined entity will be among the largest non-banking microfinance companies in India with the current promoter group, led by Ananya Birla, having a significant majority stake. Svatantra Microfin, founded and chaired by Ananya Birla, has inked a definitive agreement with Advent International and Multiples for a Rs 1,930 crore investment, the largest by private equity investors in the microfinance sector in India. The investment follows Svatantra’s recent acquisition of Chaitanya India Fin Credit. On completion of the proposed transaction and merger with Chaitanya, the combined entity will be among the largest non-banking microfinance companies in India with the current promoter group, led by Ananya Birla, having a significant majority stake.