Categories: Business

TVS arm Home Credit to buy education loan company for Rs 967 crore

Home Credit India will acquire Varthana Finance in an all-cash deal valued at Rs 967 crore. This transaction will make Varthana a wholly owned subsidiary of Home Credit India. The acquisition aims to diversify portfolios and improve business mix for the company. It is expected to create synergies in distribution, technology, and risk management. Regulatory approvals are required, with completion anticipated within nine months.

The News Vista

Leave a Comment
Share
Published by
The News Vista
2 months ago

Recent Posts

IMD predicts below-normal rainfall over country in September

September rainfall across India is predicted to be below normal, concluding the monsoon season deficiently.…

56 minutes ago

Economy grew 7.8% in Q1 despite Iran crisis and El Nino conditions

India's economy recorded impressive growth of 7.8% during the April to June quarter, driven by…

1 hour ago

Iran president meets PM Modi, seeks help to end war

Prime Minister Modi convened with Iranian President Pezeshkian to advance discussions on fortifying trade connections…

1 hour ago

HC reinstates bank official sacked without inquiry over hashtag campaign

1 hour ago

It’s time to move from endless war to end of war: PM to Putin

Prime Minister Narendra Modi urged President Vladimir Putin to end the ongoing conflict. He emphasized…

2 hours ago

51 Indias killed in Russian Army, 139 discharged; MEA says talks on with Moscow

Post Content

3 hours ago