TVS Holdings Reduces Shareholding in Home Credit India Finance Private Limited
TVS Holdings Limited has reported a reduction in its stake in Home Credit India Finance Private Limited, which is a subsidiary of the company. The shareholding percentage decreased following further share allotments made by Home Credit to other investors.The ownership stake held by TVS Holdings in Home Credit saw a decline from 80.17% to 74.45%.
This change in control reflects the activity within the FinTech entity, as Home Credit allotted additional shares to new investors.
Key details of the shareholding adjustment are summarized below:
| Holding Metric | Details |
|---|---|
| Company | TVS Holdings Limited |
| Subsidiary | Home Credit India Finance Private Limited (Home Credit) |
| Original Stake | 80.17% |
| Current Stake | 74.45% |
| Cause of Reduction | Further allotment of shares by Home Credit to other Investors |
TVSHLTD Stock Price Movement
Today, TVS Holdings Limited's shares edged higher, gaining 0.66% to settle at ₹14,031. The equity saw a traded volume of 3,160 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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