Cyril Amarchand Mangaldas advises Navi Finserv and Navi Technologies on sale of Chaitanya India Fin Credit to Aditya Birla Group’s Svantantra Microfin

BusinessWire India

Mumbai (Maharashtra)/ Bengaluru (Karnataka) [India], August 24: Cyril Amarchand Mangaldas acted as legal counsel for Navi Technologies and Navi Finserv on sale of 100% stake in their microfinance subsidiary Chaitanya India Fin Credit, to Svatantra Microfin, a group company of the Aditya Birla Group, for a purchase consideration of Rs. 1479 Crore. Chaitanya is engaged in business of providing microfinance loans to joint-liability groups and is a market leader therein.

The transaction team was led by Vishak Abraham, Partner; and Saurav Samaddar, Partner; with support from Jayant Belgaumkar, Associate; Anushka Sharma, Associate; and Nritika Sangwan, Associate.

Team led by Gazal Rawal, Partner; with support from Anshuman Sugla, Senior Associate; Pratiksha Arekar, Associate; assisted with regulatory aspects.

Anirban Mohapatra, Partner; with support from Mahim Sharma, Senior Associate Designate; assisted with IP and privacy law related aspects.

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