TVS Subsidiaries Approved for Amalgamation Scheme

TVS Motor Company Ltd has been informed by its subsidiaries, TVS Credit Services Limited and TVS Housing Finance Private Limited, that a composite scheme of amalgamation involving STPL Trading and Services Private Limited, Home Credit India Finance Private Limited, TVS Housing Finance Private Limited, and TVS Credit Services Limited has been approved by the respective boards. This scheme aims to simplify the group's corporate structure and consolidate entities under common control. The amalgamation is subject to various statutory, regulatory, and customary approvals, including those from the RBI, CCI, SEBI, and the NCLT. The transaction is considered an arm's length transaction, with consideration determined by an independent registered valuer.