Svatantra Microfin to acquire Chaitanya India Fin Credit Private from Navi Finserv and Navi Technologies for $179m.

Svatantra Microfin, a microfinance institution, agreed to acquire Chaitanya India Fin Credit Private, a provider of micro-credit for low-income individuals and businesses, from Navi Finserv and Navi Technologies, two financial services companies for $179m.