BSECompany Update5d ago · 27 Jul 2026, 08:31 pm
Compliance under regulation 30 of SEBI LODR
TVS Motor Company Ltd · 532343
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TVS Motor Company Ltd has acquired 1,13,37,297 equity shares of TVS Credit Services Ltd from Lucas-TVS Limited for Rs. 711 Cr, increasing its stake in TVS CS to 85.15%.
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 Ltd - 532343 - Announcement under Regulation 30 (LODR)-Acquisition
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27th July 2026
The Manager, The Manager,
Listing Department, Listing Department,
BSE Limited, The National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Tower, Exchange Plaza, 5 Floor, Plot C/1, G Block,
Dalal Street, Bandra - Kurla Complex, Bandra (E),
Mumbai 400 001 Mumbai 400 051
Tel no.: 22721233 Tel No.: 2659 8235
Fax No.: 22723719/ 22723121/ 22722037 Fax No.: 26598237/ 26598238
BSE Scrip Code: 532343 NSE Symbol: TVSMOTOR
NCRPS Scrip Code: 717506 NCRPS Scrip Code: TVSMNCRPS
Dear Sir/ Madam,
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations,
2015, as amended (“SEBI Listing Regulations”)
Pursuant to Regulation 30 of the SEBI Listing Regulations, we hereby inform you that TVS
Motor Company Limited (“Company / TVSM”), has today, i.e., 27th July 2026, acquired
1,13,37,297 equity shares of TVS Credit Services Ltd (“TVS CS”), a subsidiary of the
Company from Lucas-TVS Limited (“Lucas TVS”) constituting 4.39% of the paid-up share
capital in TVSCS for an aggregate consideration of Rs. 711 Cr.
The aggregate cost of the acquisition exceeds the threshold specified in sub-clause (c) of
clause (i) of Regulation 30 (4), hence this disclosure is also being made in compliance with
Clause A(1)(ii)(c) of Part A of Schedule III of the SEBI LODR Regulations.
Consequent to the above, the shareholding of the Company in TVSCS shall increase from
80.76% to 85.15% (on a fully diluted basis).
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
provided in Annexure A enclosed below.
Date and time of occurrence of event: 27th July 2026 at 8.00 P.M (IST)
Kindly take the same on record.
Thanking You
For TVS MOTOR COMPANY LIMITED
K S Srinivasan
Company Secretary
Encl: As above
Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845
Annexure A
Disclosure under Regulation 30 and Schedule III of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations,2015 (SEBI LODR)
Sr. Particulars Description
1. Name of the target entity, Name of Target: TVS Credit Services Limited
details in brief such as size, (“TVSCS”)
turnover, etc.
Details of Target:
TVSCS is registered with the Reserve Bank of India
(“RBI”) as a “non-deposit taking Non-Banking
Finance Company” with effect from 13th April 2010.
The Company offers diverse lending products such
as automobile finance, consumer durable loans and
small business loans.
During the period ended 31st March 2026, TVSCS
generated a turnover of Rs. 7,191.14 Cr with PAT of
Rs. 913.17 Cr and a networth of Rs. 6,067.63 Cr.
2. Whether the acquisition would The acquisition is not a related party transaction of
fall within related party the Company.
transaction(s) and whether the
promoter / promoter group / TVSM will acquire the shares of TVSCS from Lucas
group companies have any TVS at an agreed price.
interest in the entity being
acquired? If yes, nature of
interest and details thereof and
whether the same is done at
“arm’s length”.
3. Industry to which the entity Non-banking financial services
being acquired belongs.
4. Objects and impact of The acquisition is proposed to consolidate the
acquisition (including but not Company's stake in TVS CS by acquiring the shares
limited to, disclosure of reasons held by the other shareholders and is expected to
for acquisition of target entity, streamline ownership and facilitate operational
if its business is outside the efficiencies.
main line of business of the
listed entity).
5. Brief details of any Not applicable
governmental or regulatory
approvals required for the
acquisition.
Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845
Sr. Particulars Description
6. Indicative time period for The transaction has been completed today viz., 27th
completion of the acquisition. July 2026
7. Consideration – whether cash Cash consideration
consideration or share swap or
any other form and details of
the same.
8. Cost of acquisition and/or the Rs. 711 Cr
price at which the shares are
acquired.
9. Percentage of shareholding / The Company has acquired 1,13,37,297 equity
control acquired and/or shares of TVSCS from Lucas TVS aggregating to
number of shares acquired. 4.39% on a fully diluted basis.
10. Brief background about the TVSCS is registered with the Reserve Bank of India
entity acquired in terms of (“RBI”) as a “non-deposit taking Non-Banking
products / line of business Finance Company” with effect from 13th April 2010.
acquired, date of incorporation, The Company offers diverse lending products such
history of last 3 years turnover, as automobile finance, consumer durable loans and
country in which the acquired small business loans.
entity has presence and any
other significant information (in
Date of Incorporation: 5th November 2008
brief)
Total Turnover:
Year Total income
(INR Crores)
FY 2025-26 7,191.14
FY 2024-25 6,604.75
FY 2023-24 5,789.72
Country of Presence: India
Website: www.tvsmotor.com Email: contactus@tvsmotor.com CIN: L35921TN1992PLC022845