The $2-billion valuation Navi is seeking is lower than the previous funding discussions it had with investors. These discussions also come after Navi had filed for an IPO which had been approved by Sebi. In November, Ananya Birla-led Svatantra Microfin completed the acquisition of Bansal’s Navi Group’s subsidiary Chaitanya India Fin Credit in a deal valued at Rs 1,479 crore.