economy

TVS-owned Home Credit to acquire education lender Varthana for Rs 967 crore

Published on: 16 Jul 2026, 01:43 AM

MUMBAI: Home Credit India Finance, a subsidiary of TVS Holdings, has signed a share purchase agreement to acquire Varthana Finance, a company that specialises in education loans, for Rs 967 crore in an all-cash deal.

Upon completion of the transaction, Varthana will become a wholly owned subsidiary of Home Credit India and a step-down wholly owned subsidiary of TVS Holdings. The acquisition is expected to diversify Home Credit's portfolio, improve its business mix, and create synergies in distribution, technology, and risk management.

The deal is subject to regulatory approvals and is expected to be concluded within nine months from the execution of the agreement. The transaction falls under the non-banking financial services sector and aims to expand the acquirer's presence in secured and longer-tenure lending.

Source: Times of India

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