Home Credit India, part of the TVS group, agrees to acquire Varthana Finance for ₹967 crore in an all-cash transaction, according to reports. The deal will make Varthana a wholly owned subsidiary of Home Credit India. The acquisition is positioned as a way to deepen and expand Home Credit India’s lending portfolio, with one focus on education-focused financing. The companies say the transaction is intended to diversify the portfolio and improve the overall business mix. Sources also note that the deal is expected to generate synergies across distribution networks, technology capabilities, and risk management practices. Regulatory approvals are required before the transaction can close, and completion is expected to take place within about nine months, depending on the approval timeline. The reporting also indicates that the acquisition represents Home Credit India’s entry into education-focused lending through Varthana’s existing operations.