TVS Holdings Invests ₹176.38 Cr in Subsidiary HCIFPL

TVS Holdings Limited has subscribed to an additional 6,58,64,009 equity shares in its subsidiary, Home Credit India Finance Private Limited (HCIFPL), through a rights issue. The investment amounts to ₹176.38 Crores at a price of ₹26.78 per share. This move is aimed at sustaining and accelerating HCIFPL's growth. Despite the additional investment, TVS Holdings' aggregate holding in HCIFPL remains at 80.17%. The transaction was conducted on an arm's length basis. HCIFPL, a non-deposit-taking NBFC, reported a turnover of ₹2,112.74 Crores and a profit after tax of ₹132.24 Crores for FY 2025-26.