Acquisitions1 Feb 2025, 04:13 am
TVS Holdings Acquires 80.74% Stake in Home Credit India for INR 554 Crores
AI Summary
TVS Holdings Limited has acquired 88,09,45,401 equity shares of Home Credit India Finance Private Limited (HCIFPL) from Home Credit India B.V. and Home Credit International A.S. The acquisition, which constitutes 80.74% stake in HCIFPL, was made on 31st January 2025 for an aggregate consideration of INR 554,06,28,287. The acquisition is subject to the completion of other conditions as per the terms of the acquisition document.
Key Highlights
- TVS Holdings has acquired 80.74% stake in Home Credit India Finance Private Limited
- The acquisition was made for a consideration of INR 554,06,28,287
- The acquisition was made from Home Credit India B.V. and Home Credit International A.S.
- The acquisition is subject to the completion of other conditions as per the terms of the acquisition document
- The acquisition was made on 31st January 2025