TVS Holdings Subsidiary Boards Approve Composite Scheme of Amalgamation

TVS Holdings Ltd has announced that its subsidiary, Home Credit India Finance Private Limited, has received board approval for a Composite Scheme of Amalgamation. This scheme involves STPL Trading and Services Private Limited, Home Credit India Finance Private Limited, TVS Housing Finance Private Limited, and TVS Credit Services Limited. The amalgamation is subject to various regulatory and statutory approvals, including from the RBI, CCI, NSE, SEBI, NCLT, and shareholders/creditors. The scheme aims to consolidate operations among these entities, with TVS Credit Services Limited and Home Credit India Finance Private Limited acting as transferee companies. Financial details for the involved entities as of June 30, 2026, have been disclosed, showing significant asset bases for TVS Credit Services Limited (₹35,683.36 Cr) and Home Credit India Finance Private Limited (₹8367.07 Cr). The transaction is considered a related party transaction but will not attract Section 188 of the Companies Act, 2013, as per MCA circulars, with consideration determined on an arm's length basis.