TVS Holdings Completes Acquisition of Home Credit India for Rs 554 Crores
TVS Holdings Limited has successfully completed the acquisition of a 80.74% equity stake in Home Credit India Finance Private Limited for Rs 554 Crores. This acquisition aligns with TVS Holdings’ mission to strengthen its presence in the financial services sector. Home Credit India has served over 1.6 crore customers and is one of the leading players in the consumer financing market with Assets under Management (AUM) of ~Rs 5,535 Cr. as of March 31, 2024. The acquisition will enable TVS Holdings to offer enhanced financial solutions to a wider audience and complement its existing capabilities. The transaction was funded through a combination of the proceeds from the recent sale of the Company’s real estate assets and borrowings from capital markets.
Key Highlights
- TVS Holdings has completed the acquisition of a 80.74% stake in Home Credit India for Rs 554 Crores.
- Home Credit India has served over 1.6 crore customers and has Assets under Management (AUM) of ~Rs 5,535 Cr. as of March 31, 2024.
- The acquisition will enable TVS Holdings to offer enhanced financial solutions to a wider audience.
- The transaction was funded through a combination of the proceeds from the recent sale of the Company’s real estate assets and borrowings from capital markets.
- This acquisition aligns with the strategy of TVS Holdings Group to play a leading role in deepening the financial penetration in India.