02-Nov-2026 18:22:03
TVSHLTDGeneral news
TVS HOLDINGS : INVESTS RS 484 CR IN SUBSIDIARY HOME CREDIT INDIA VIA RIGHTS ISSUE
• Allotted 12,55,26,842 equity shares of ₹10 each in Home Credit India Finance (HCIFPL) at ₹38.55/share, aggregating ₹483.91 Cr • Consideration is cash; stake in HCIFPL stays at 74.45% as shares were issued on a rights basis • HCIFPL is an RBI-registered middle layer NBFC into consumer durable loans and cash loans via POS and online models • HCIFPL FY26 turnover ₹2,112.74 Cr, PAT ₹132.24 Cr, net worth ₹2,654.35 Cr • Investment made towards sustaining and accelerating HCIFPL's current growth rate • Allotment completed 31 October 2026, intimated to the company on 2 November 2026
TVS Holdings Limited
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