Home Credit India Finance Private Limited has signed an agreement to acquire a 100% stake in Varthana Finance Private Limited for ₹967 crore in an all-cash deal.
Parinam Law Associates advised Home Credit, a subsidiary of TVS Holdings Limited, on this acquisition.
The transaction team consisted of Mallika Noorani (Senior Partner), Manali Kshirsagar (Partner) and Akkshay D Thawani (Senior Associate).
The transaction team also worked on due diligence along with Mudit Singh Chauhan (Senior Associate), Sachit Kumar (Senior Associate), Associates Kewal R Shah, Sharayu Joshi and Harshita Ranka, and Ananya Chhabria (Trainee Associate).
Trilegal advised the institutional investors of Varthana Finance on this transaction. The Firm advised the institutional investors on all aspects of the transaction, including drafting, negotiation and finalisation of the transaction documents, and continues to assist with the completion and closing of the transaction.
The transaction was led by Gautam Singh (Partner) and Mitali Halbe (Partner), with support from Aayush Jain (Senior Assocciate) and Kim Shah (Associate).
Varthana Finance is a non-banking financial company that provides credit and financing solutions to educational institutions such as schools, colleges, vocational training centres etc.
Upon the closure of this acquisition, Varthana will become a wholly-owned subsidiary of Home Credit and a step-down wholly-owned subsidiary of TVS Holdings.
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