TVS Holdings Acquires ₹483.91 Cr Stake in Subsidiary HCIFPL

TVS Holdings Limited has acquired an additional 12,55,26,842 equity shares of Rs. 10/- each in its subsidiary, Home Credit India Finance Private Limited (HCIFPL), for a cash consideration of Rs. 38.55 per share, aggregating to Rs. 483.91 Crores. This investment was made on a rights issue basis. The acquisition falls within related party transactions as HCIFPL is a subsidiary, and a member of the Promoter Group also holds a stake. The transaction was conducted on an arm's length basis. The additional investment aims to sustain and accelerate HCIFPL's growth in the non-banking financial services sector. HCIFPL, a middle-layer NBFC, reported a turnover of Rs. 2,112.74 Crores and profit after tax of Rs. 132.24 Crores for FY 2025-26. TVS Holdings' aggregate holding in HCIFPL remains at 74.45% post-acquisition.