TVS Holdings Ltd. Increases Stake in Home Credit India Finance
TVS Holdings Ltd. announced on March 28, 2026, that it has subscribed to and been allotted an additional 229,139,017 equity shares of ₹10/- each in Home Credit India Finance Private Limited (HCIFPL), a subsidiary of the company. The aggregate cost of this investment exceeds the materiality threshold specified under SEBI regulations.HCIFPL is a non-deposit-taking non-banking financial company registered with the Reserve Bank of India (RBI), engaged in providing loans to the retail segment. During the fiscal year 2024-25, HCIFPL generated a turnover of ₹2,096.54 Crores, reported a loss after tax of ₹530.04 Crores, and had a net-worth of ₹1,583.04 Crores.
The additional investment aims to sustain and accelerate the current growth rate of HCIFPL and maintain capital adequacy. Following the acquisition, TVS Holdings Ltd.'s shareholding in HCIFPL has increased to 80.39%.
The consideration for the acquisition was paid in cash, at a price of ₹22.99 per share, totaling ₹526.79 Crores.
The transaction qualifies as a related-party transaction, as HCIFPL is a subsidiary of TVS Holdings Ltd., and STPL Trading and Services Private Limited, a member of the Promoter Group, holds 8.10% of HCIFPL. The transaction was conducted at arm’s length based on a valuation report from a Registered Valuer.
No governmental or regulatory approvals were required for the acquisition, which was completed on March 28, 2026.
| Particulars | Details |
|---|---|
| Name of Target Company | Home Credit India Finance Private Limited |
| Turnover (FY 2024-25) | ₹2,096.54 Crores |
| Loss After Tax (FY 2024-25) | ₹530.04 Crores |
| Net-Worth (FY 2024-25) | ₹1,583.04 Crores |
| Post-Acquisition Shareholding | 80.39% |
| Cost of Acquisition | ₹526.79 Crores |
| Price Per Share | ₹22.99 |
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