Parinam Law Associates and Trilegal advised on Home Credit India Finance’s proposed ₹967 crore acquisition of Varthana Finance.
Home Credit India Finance Private Limited, a subsidiary of TVS Holdings Limited and a member of the TVS Group, has entered into a proposed transaction to acquire 100% of the shareholding in Varthana Finance Private Limited for an aggregate consideration of ₹967 crore (approximately US$108 million).
Varthana Finance is a non-banking financial company that provides credit and financing solutions to educational institutions, including schools, colleges, and vocational training centres. Upon completion, Varthana will become a wholly owned subsidiary of Home Credit and a step-down wholly owned subsidiary of TVS Holdings.
Parinam Law Associates advised Home Credit India Finance Private Limited on the proposed acquisition.
The transaction team comprised Senior Partner Mallika Noorani, Partner Manali Kshirsagar, and Senior Associate Akkshay D. Thawani.
The due diligence team comprised Senior Partner Mallika Noorani, Partner Manali Kshirsagar, Senior Associates Akkshay D. Thawani, Mudit Singh Chauhan and Sachit Kumar, Associates Kewal R. Shah, Sharayu Joshi and Harshita Ranka, and Trainee Associate Ananya Chhabria.
Trilegal advised the institutional investors of Varthana Finance Private Limited on the proposed sale of their entire shareholding in Varthana as part of the acquisition.
The Corporate team was led by Partners Gautam Singh and Mitali Halbe, with support from Senior Associate Aayush Jain and Associate Kim Shah.
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