TVS Venu Group firm Home Credit India to acquire Varthana Finance for Rs 967 crore

Home Credit India Finance will acquire Varthana Finance for Rs 967 crore. This all-cash transaction is subject to regulatory approvals from the Reserve Bank of India. The acquisition will strengthen TVS Venu Group's financial services sector presence. Varthana Finance specializes in education lending and serves many institutions. This move expands TVS's participation in secured and longer-tenure lending.

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