India, July 15 -- TVS VENU Group-led NBFC Home Credit India has approved the complete acquisition of education-focused NBFC Varthana Finance in an all-cash deal.The company did not disclose the financial terms of the deal.

The acquisition, which is currently subject to regulatory approvals, will help fuel Home Credit's bid to scale financial services across consumer segments by selling presence across the secured and longer-tenure lending segment.

Currently, TVS VENU has presence in consumer, retail, and commercial finance through two of its NBFC arms - TVS Credit Services and Home Credit India.

"We look forward to joining forces with TVS as we continue to support private schools throughout the country. TVS' deep roots, extensive resou...