Acquisitions28 March 2026 at 03:17 pm
TVS Holdings Ltd Acquires Additional Shares in Subsidiary Home Credit India Finance Private Ltd for Rs. 526.79 Cr.
AI Summary
TVS Holdings Ltd has subscribed to and has been allotted an additional 229,139,017 equity shares of ₹10/- each in Home Credit India Finance Private Limited (HCIFPL), a subsidiary of the Company. The aggregate cost of this additional investment exceeds the materiality threshold and is being made in compliance with Clause A(1)(ii)(c) of Part A of Schedule III of the SEBI LODR Regulations. The acquisition is being conducted at arms’ length and the allotment of 22,91,39,017 equity shares of HCIFPL has been completed on 28th March 2026. The Company has acquired an additional 22,91,39,017 equity shares of HCIFPL, increasing its shareholding to 80.39%.
Key Highlights
- TVS Holdings Ltd acquires additional shares in subsidiary Home Credit India Finance Private Ltd for Rs. 526.79 Cr.
- The acquisition is a related party transaction as HCIFPL is a subsidiary company.
- The transaction is being conducted at arms’ length based on a valuation report obtained from a Registered Valuer.
- The allotment of 22,91,39,017 equity shares of HCIFPL has been completed on 28th March 2026.
- Post the additional acquisition, the shareholding of the Company in HCIFPL has become 80.39%.