TVS Motor Acquires Harita ARC for ₹25,000

TVS Motor Company's Board has approved the acquisition of the entire stake in Harita ARC Limited for ₹25,000. This move is part of a composite scheme of arrangement involving the amalgamation of TVS Motor Services Limited with TVS Motor Company and the demerger of the company's consumer finance business into Harita ARC. Harita ARC, with a paid-up capital of ₹25,000 and nil turnover, will undertake the consumer finance and related business post-demerger. The transaction is considered a related party transaction, as Harita ARC was acquired from TVS Credit Services Limited, a material subsidiary, but is conducted on an arm's length basis. The acquisition is expected to be completed by October 28, 2026, and is subject to various regulatory and statutory approvals.