Dvara KGFS (formerly IFMR Rural Channels and Services), an NBFC under Dvara Trust that caters to rural towns across India, acquired Varam Capital Private Limited a NBFC – MFI. Dvara KGFS is present in Tamil Nadu, Uttarakhand, Karnataka and Odisha, across 33 districts with 221 branches and over eight lakh customers. According to Dvara, Varam Capital’s presence in Chhattisgarh and products will enable the combined entity to have a bigger presence in the country’ eastern region.