India, Feb. 18 -- The Government of India issued the following news release:
The Competition Commission of India has approved amalgamations of Chaitanya India Fin Credit Private Limited and Svatantra Holdings Private Limited into Svatantra Microfin Private Limited.
The proposed transaction relates to the amalgamation of Svatantra Holdings Private Limited (SHPL) and Chaitanya India Fin Credit Private Limited (CIFCPL) into Svatantra Microfin Private Limited (SMPL), through the Scheme of Amalgamation entered into between SHPL, CIFCPL, SMPL and their respective shareholders as has been approved by the board of directors. Further, as a consequence of the foregoing, Svatantra Micro Housing Finance Corporation Limited (SMHFCL) will become a whol...