The acquisition will make Varthana Finance a wholly owned subsidiary of Home Credit India and a step-down wholly owned subsidiary of TVS Holdings after the deal closes. The move will help the group expand into a “complementary secured and longer-tenure lending segment” and strengthen its position in India’s financial services sector, the company said.
GAIL shares jump 4% as Q2 net profit rises over 8% to Rs 4,650 crore, revenue grows 17%
GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment