CCI Approves Amalgamation of Chaitanya India Fin & Svatantra

19 Feb 2025 CW Team

The Competition Commission of India (CCI) has approved the amalgamation of Chaitanya India Fin Credit Private Limited and Svatantra Holdings Private Limited into Svatantra Microfin Private Limited.

The transaction involves the merger of Svatantra Holdings Private Limited (SHPL) and Chaitanya India Fin Credit Private Limited (CIFCPL) into Svatantra Microfin Private Limited (SMPL) under a Scheme of Amalgamation approved by their respective boards. Consequently, Svatantra Micro Housing Finance Corporation Limited (SMHFCL) will become a wholly owned subsidiary of SMPL.

SHPL operates as an unregistered Core Investment Company, focusing on investments in equity and preference shares. SMPL and CIFCPL, both registered NBFC-MFIs, provide microfinance and personal loans to low-income individuals in rural and semi-urban areas. SMHFCL, a registered NBFC-HFC, specialises in secured housing loans for underserved communities and financing for real estate projects.

This strategic consolidation is expected to enhance financial inclusion and streamline lending operations in India's microfinance and affordable housing sectors.

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