Representative image MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement on Wednesday, to acquire Varthana Finance which specialises in lending for education, in an all-cash deal valued at Rs 967 crore.The transaction will result in Varthana becoming a wholly owned subsidiary of Home Credit India, and a step-down wholly owned subsidiary of TVS Holdings after completion. Besides Home Credit, TVS group has a presence in financial services through TVS Credit Services, with offerings across consumer, retail, and commercial finance.The acquisition is expected to help diversify the portfolio, improve business mix, and create synergies in distribution, technology, and risk management.The acquisition is subject to regulatory approvals, is expected to conclude within nine months from the execution of the SPA. The transaction is in the non-banking financial services sector and aims to expand the acquirer’s presence in secured and longer-tenure lending.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosBageshwar Baba Dhirendra Shastri’s Brother Arrested For Firing At Farmer In Madhya Pradesh’Abhishek Has Done No Wrong’: Mamata Banerjee Defends Nephew Amid TMC Rebellion“Party Is Sinking”: Mamata’s Loyalist Crosses Over To Ritabrata Camp; TMC Crack Deepens’Serious Risk’ To India’s Largest Nuclear Plant Kudankulam After Files Leaked On Dark Web: ReportRahul Gandhi Steps In As Punjab Congress Infighting Threatens 2027 Election PreparationsExplained: Why PM Modi’s July 17 Punjab Visit Is Politically Crucial Ahead Of Assembly ElectionsHigh Profile Political Meeting Rekindle Talk Of NCP Unity In Maharashtra; Patil Denies BuzzKGMU Bars Cooking Of Non-Veg Food In Hostels After Governor Flags Issue At ConvocationIndia-UK FTA: What Gets Cheaper, How Exporters Benefit And Why The Deal MattersTMC Rift Deepens As Kalyan Banerjee Launches Fresh Attack On Abhishek And I-PAC123Photostories5 long-haired dog breeds that win hearts with their looks and personalityLooking for better health? Repeat these 10 powerful affirmations every dayWorld’s 10 most peaceful countries in 2026: Safe, scenic and travel-friendlyEye doctor reveals the 7 everyday habits they never skip to protect their vision, and why these simple daily choices matter9 Vastu Tips to Attract Love into Your LifeWhy the Adhar Pana prasad of Jagannath Rath Yatra is spilled on the floor and humans are forbidden to consume itYoung, slim, and feeling perfectly fine? Why more Indians are being diagnosed with prediabetes without any warning signsThese 5 giant pet cats are so big, people mistake them for wild animals10 baby girl names inspired by Japanese seasons and cherry blossom traditions“Send your child far away…”: Acharya Prashant says this one parenting decision can help children grow into independent adults123Hot PicksNBA Trade RumorsHow to Watch FIFA World CupMichael JordanKylian MbappeBengaluru ProfessorCarol RuckdeschelRussia Saction BillNBA tradeMinecraft Bedrock 26.40.31 BetaTop TrendingIND U19 vs SL U19Prashant KishorFIFA World Cup 2026Nitin GadkariBengaluru Student SuicideTwisha Sharma Murder CaseLeo CarlssonTaslima NasrinGujarat RapeIran war
MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, signed a share purchase agreement on Wednesday, to acquire Varthana Finance which specialises in lending for education, in an all-cash deal valued at Rs 967 crore.The transaction will result in Varthana becoming a wholly owned subsidiary of Home Credit India, and a step-down wholly owned subsidiary of TVS Holdings after completion. Besides Home Credit, TVS group has a presence in financial services through TVS Credit Services, with offerings across consumer, retail, and commercial finance.The acquisition is expected to help diversify the portfolio, improve business mix, and create synergies in distribution, technology, and risk management.The acquisition is subject to regulatory approvals, is expected to conclude within nine months from the execution of the SPA. The transaction is in the non-banking financial services sector and aims to expand the acquirer’s presence in secured and longer-tenure lending.