21
Jul
Home Credit India, a part of TVS VENU, has entered into an agreement to acquire a 100 per cent stake in Varthana Finance Private Limited through an all-cash transaction, subject to regulatory approvals, including clearance from the Reserve Bank of India (RBI), and customary closing conditions. The proposed acquisition is aimed at strengthening TVS VENU's financial services portfolio by expanding into the secured and longer-tenure education finance segment. TVS VENU said the acquisition aligns with its long-term strategy of building high-quality financial services businesses catering to India's evolving credit requirements. Varthana, known for its specialised education-finance franchise, will complement the…
