TVS Motor Company Acquires Shares from Lucas-TVS, Increasing Stake in TVS Credit Services
TVS Motor Company Limited has completed a significant acquisition that strengthens its foothold in financial services. The company acquired 1,13,37,297 equity shares of TVS Credit Services Ltd (TVSCS) from Lucas-TVS Limited on July 27, 2026.The purchase, which involved cash consideration, was made for an aggregate cost of Rs. 711 Cr. This transaction represents 4.39% of the paid-up share capital in TVSCS. With this acquisition, TVSM's ownership stake in TVSCS is set to increase from 80.76% to 85.15%, based on a fully diluted basis.
The strategic move is intended to consolidate the Company's stake in TVSCS by acquiring shares held by other shareholders, thereby facilitating streamlined ownership and operational efficiencies within the group.
TVSCS operates as a non-deposit taking Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI) since April 13, 2010. The company provides diverse lending products across various segments, including automobile finance, consumer durable loans, and small business loans.
The financial performance of TVSCS reflects a strong operational history in the non-banking financial services industry. Key figures detailing the entity's size and profitability over recent years are presented below:
| Financial Metric | FY 2024–25 | FY 2023–24 | FY 2025–26 |
|---|---|---|---|
| Total Turnover (INR Crores) | 6,604.75 | 5,789.72 | 7,191.14 |
| Profit After Tax (PAT) (INR Crores) | N/A | N/A | 913.17 |
| Net Worth (INR Crores) | N/A | N/A | 6,067.63 |
TVSCS has been operating from India and holds a solid financial profile in the NBFC space. The acquisition is an internal move to strengthen TVSM’s presence in the consumer finance sector.
TVSMOTOR Stock Price Movement
On Monday, shares of TVS Motor Company Limited edged higher, settling at ₹3876.4 after closing with a 0.30% gain. The stock traded a volume of 576,740 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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