CCI Approves Amalgamation of Svatantra Group Entities

By order dated February 18, 2025, the Competition Commission of India (CCI) approved the amalgamation of Chaitanya India Fin Credit Private Limited and Svatantra Holdings Private Limited into Svatantra Microfin Private Limited, which will continue as the surviving entity.

The CCI noted that Chaitanya is already a wholly owned subsidiary of Svatantra Microfin, while Svatantra Holdings operates solely as an investment holding company with no standalone business activities beyond its minority shareholding in Svatantra Microfin and Svatantra Micro Housing Finance. Additionally, key investors hold governance rights across all entities involved.

Given the negligible combined market presence in both the broad lending and narrow retail-loan segments, and the fact that the transaction does not result in a change in control or materially affect competition, the CCI approved the proposed amalgamation.