NSEAcquisition3d ago · 28 Oct 2026, 03:21 pm
Acquisition
TVS Motor Company Limited · TVSMOTOR
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TVS Motor Company Limited has informed the Exchange about the acquisition of entire stake of STPL Trading and Services Private Limited for a sum of Rs. 530.08 Cr. The acquisition is proposed as part of the Company's business consolidation and restructuring initiatives.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
TVS Motor Company Limited has informed the Exchange about Acquisition
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TVSMOTOR_28102026152125_STPL_AcquisitionSD.pdf
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28th October 2026
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange plaza, 5th Floor,
Dalal Street, Bandra-Kurla Complex,
Mumbai 400 001 Bandra (E), Mumbai 400 051
Scrip Code: 532343 Scrip Code: TVSMOTOR
Dear Sir / Madam,
Subject : Disclosure under Regulation 30 read with Schedule III of Securities
and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that the Board of
Directors of TVS Motor Company Limited (“the Company”) at its meeting held today viz.,
28th October 2026 have inter alia approved the acquisition of entire stake of STPL Trading and
Services Private Limited (“STPL”) for a sum of Rs. 530.08 Cr (“Proposed Transaction”), and
execution of a Sale and Purchase Agreement (“Agreement”) along with other ancillary
documents as may be required in connection with the proposed transaction.
Upon completion of the aforesaid acquisitions, STPL will become a wholly owned subsidiary of
the Company.
The details with respect to the above acquisition, as required under the SEBI Listing Regulations
read with the SEBI Master Circular dated January 30, 2026, bearing reference number
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 (“Master Circular”), are set forth in
Annexure 1 below.
We request you to kindly take the above intimation on record.
Date and time of occurrence of event: October 28, 2026 at 2.50 P.M. (IST)
Thanking You,
Yours faithfully
For TVS MOTOR COMPANY LIMITED
K S Srinivasan
Company Secretary
Encl: a/a
Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845
Annexure 1
Disclosure of information pursuant to Regulation 30 of the Listing Regulations
Disclosure for acquisition of shares (including agreement to acquire)
S.No Particulars Details
1. Name of the target entity, details in Name of Target: STPL Trading and Services Private
brief such as size, turnover etc. Limited (“STPL”)
Details of Target:
STPL is engaged in the business of trading and
services company and it holds 7.5% shares in Home
Credit India Finance Private Limited (“Home
Credit”), a NBFC company.
Paid-up Capital: Rs. 188,94,75,510
(Rs. in Cr)
S.no Particulars Details
1. Turnover -
2. Profit After Tax 72.44
3. Networth 220.85
2. Whether the acquisition would fall Yes, the proposed transaction is a related party
within related party transaction(s) transaction.
and-whether the promoter/ promoter
group/ group companies have any The shares are acquired from various stakeholders
interest in the entity being acquired? who are related parties.
If yes, nature of interest and details
thereof and whether the same is The transfer of shares will be done at “arms-length”
done at “arm’s length” based on a valuation report.
3. Industry to which the entity being Business of Trading and Services
acquired belongs
4. Objects and effects of acquisition The acquisition is proposed as part of the Company's
(including but not limited to, business consolidation and restructuring initiatives.
disclosure of reasons for acquisition
of target entity, if its business is The proposed acquisition of STPL shares will
outside the main line of business of ultimately result in additional holding in TVS Credit
t he listed entity). Services Limited (“TVSCS”) to the extent of ~2.4%
post-merger of the Home Credit with TVSCS.
5. Brief details of any governmental or No approvals required
regulatory approvals required for the
acquisition.
6. Indicative time period for completion The acquisition is expected to be completed on or
of the acquisition before 31st December 2026.
Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845
S.No Particulars Details
7. Consideration - whether cash Cash consideration
consideration or share swap or any
other form and details of the same
8. Cost of acquisition or the price at Rs. 530.08 Cr
which the shares are acquired.
9. Percentage of shareholding / control 100% stake constituting 18,89,47,551 equity shares.
acquired and / or number of shares
acquired.
10. Brief background about the entity STPL is engaged in the business of trading and
acquired in terms of products/line of services company, and it holds 7.5% shares in Home
business acquired, date of Credit, a NBFC company. It is headquartered in
incorporation, history of last 3 years Bengaluru and carries on the business of trading and
turnover, country in which the services.
acquired entity has presence and any
other significant information (in Date of incorporation: 23.08.2017
brief).
Countries with Presence: India
Turnover:
Financial Year (Rs. in Cr)
2025-26 -
2024-25 1.05
2023-24 -
Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845