IFC eyes 4.5% in Navi Tech for $30 mn

Navi Technologies is in the process of acquiring 100% stake in microfinance company Chaitanya Rural Intermediation Development Services Private Limited, which has a fully owned subsidiary, Chaitanya India Fin Credit Private Limited, which has made an application to the central bank for a universal banking licence.

from Banking/Finance-Industry-Economic Times https://ift.tt/36Khjw3