TVS Holdings Limited announced the acquisition of 88.09 crore equity shares, constituting 80.74% stake in Home Credit India Finance Private Limited (HCIFPL), from Netherlands-based Home Credit India B.V. and Czech-based Home Credit International A.S. The total consideration for the acquisition stands at ₹5,540.6 crore, marking a significant expansion in the financial services sector for TVS Holdings.
The acquisition was completed on January 31, 2025, and is subject to the fulfillment of other conditions as specified in the acquisition agreement.
Key Details of the Acquisition:
- Stake acquired: 80.74%
- Shares acquired: 88.09 crore equity shares
- Acquisition value: ₹5,540.6 crore
- Acquired from: Home Credit India B.V. and Home Credit International A.S.
- Date of acquisition: January 31, 2025
This strategic acquisition will bolster TVS Holdings’ presence in the financial services domain, allowing it to cater to a broader market through HCIFPL’s existing network and customer base.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult a financial advisor before making investment decisions.
