Chennai, July 15 -- Home Credit India, part of TVS Venu, has agreed to acquire 100 per cent stake in Varthana Finance Private Limited through an all-cash transaction, subject to receipt of applicable regulatory approvals, including approval from the ReserveBank of India, and fulfilment of customary closing conditions.
The proposed acquisition marks another step in TVS Venu's long-term approach to build and scale high-quality financial services businesses that serve India's evolving credit needs across customer segments. With the addition of Varthana's specialised education-finance franchise to its growing financial services platform, the Group will expand its presence into a complementary secured and longer-tenure lending segment.
The tra...