TVS Motor Acquires STPL for ₹530.08 Cr, Becomes Wholly Owned Subsidiary

TVS Motor Company Limited has approved the acquisition of the entire stake in STPL Trading and Services Private Limited (STPL) for ₹530.08 Crore. This strategic move, approved by the Board of Directors on October 28, 2026, will make STPL a wholly owned subsidiary of TVS Motor. STPL is a trading and services company that holds a 7.5% stake in Home Credit India Finance Private Limited. The acquisition is part of TVS Motor's business consolidation and restructuring initiatives. Upon completion, it is expected to result in an additional holding of approximately 2.4% in TVS Credit Services Limited post-merger of Home Credit with TVSCS. The transaction is considered a related party transaction but will be conducted at arm's length based on a valuation report. The acquisition is anticipated to be completed by December 31, 2026.