NSEAcquisition2 Jul 2026 · 2 Jul 2026, 05:40 pm
Acquisition
TVS Holdings Limited · TVSHLTD
✦ AI Summaryacquisition
TVS Holdings Limited has acquired an additional 6,58,64,009 equity shares of Home Credit India Finance Private Limited (HCIFPL) at Rs. 26.78 per share, aggregating to Rs. 176.38 Cr. The Company's shareholding in HCIFPL remains at 80.17%.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
TVS Holdings Limited has informed the Exchange about Acquisition
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SUNCLAYLTD_02072026173947_TVSHHCIFInvestment02072026SGD.pdf
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TVS Holdings Limited
Registered Office:
“Chaitanya”,
No. 12, Khader Nawaz Khan Road, [Formerly known as Sundaram-Clayton Limited]
Nungambakkam,
Chennai – 600006
PH: 044 28332115
2nd July 2026
BSE Limited, National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Bandra-Kurla Complex,
Mumbai 400 001. Bandra (E), Mumbai 400 051.
Scrip code: 520056 Scrip code: TVSHLTD
Dear Sir/Madam,
Reg. : Compliance under Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations,
2015.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), we hereby inform that on
2nd July 2026, TVS Holdings Limited (“the Company”) has subscribed to and has been allotted
an additional 6,58,64,009 equity shares of Rs. 10/- each in Home Credit India Finance Private
Limited (“HCIFPL”), a subsidiary of the Company pursuant to a right issue offer made to the
Company.
The aggregate cost of this additional investment exceeds the materiality threshold specified
under sub-clause (c) of clause (i) of Regulation 30(4), hence this disclosure is being made in
compliance with Clause A(1)(ii)(c) of Part A of Schedule III of the SEBI LODR Regulations.
However, the Company’s aggregate holding in HCIFPL remains at 80.17%.
Further, the details of the acquisition as required under SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026 are provided in
Annexure 1 enclosed herewith.
Date and time of occurrence of event: 2nd July 2026, 1:00 PM
Thanking you,
Yours faithfully,
For TVS Holdings Limited
R Raja Prakash
Company Secretary
Encl: a/a
Website: www.tvsholdings.com Email: corpsec@tvsholdings.com CIN: L64200TN1962PLC004792
TVS Holdings Limited
Registered Office:
“Chaitanya”,
No. 12, Khader Nawaz Khan Road, [Formerly known as Sundaram-Clayton Limited]
Nungambakkam,
Chennai – 600006
PH: 044 28332115
ANNEXURE 1
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (SEBI LODR)
Disclosure for Acquisition of shares:
Details
S. No Particulars
Name of Target Company: Home Credit India Finance
Private Limited (“HCIFPL”)
Details of Target:
Registered Office: TVR Pride, No. 383, 16th Main,
3rd Block, Koramangala, Bengaluru - 560 034
Company Registration No. : U65910KA1997PTC218378
Home Credit India Finance Private Limited (HCIFPL) is a
Name of the target entity, details
non-deposit-taking non-banking financial company
1 in brief such as size, turnover etc.
registered with the Reserve Bank of India (RBI) and has
been categorised as a middle layer NBFC. HCIFPL is
engaged in providing loans to the retail segment for
consumer durables and cash loans. It also offers add on
products in the form of non-credit value-added services.
HCIFPL operates through the point of sales (POS) model
and online model.
During the year 2025-26, HCIFPL generated a turnover
of Rs. 2,112.74 Crores. Profit after tax of Rs. 132.24
Crores and had a net-worth of Rs. 2,654.35 Crores.
Yes, this acquisition would fall within related party
transaction as HCIFPL is a subsidiary company.
Whether the acquisition would fall
within related party transaction(s)
STPL Trading and Services Private Limited, one of the
and whether the promoter/
members of Promoter Group holds 8.08% of the target
promoter group/ group companies
entity.
2 have any interest in the entity
being acquired? If yes, nature of
The transaction was undertaken on an arm’s length
interest and details thereof and
basis, with equity shares issued to the Company at the
whether the same is done at
same price and on same terms as those offered to other
“arm’s length”
shareholders, based on the fair valuation of HCIFPL as
approved by its Board.
Website: www.tvsholdings.com Email: corpsec@tvsholdings.com CIN: L64200TN1962PLC004792
TVS Holdings Limited
Registered Office:
“Chaitanya”,
No. 12, Khader Nawaz Khan Road, [Formerly known as Sundaram-Clayton Limited]
Nungambakkam,
Chennai – 600006
PH: 044 28332115
Details
S. No Particulars
Industry to which the entity being
3 Non-banking financial services
acquired belongs
Objects and effects of acquisition
(including but not limited to,
disclosure of reasons for The additional investment is made towards sustaining
acquisition of target entity, if its and accelerating the current growth rate of HCIFPL.
business is outside the main line of
business of the listed entity)
Brief details of any governmental
5 or regulatory approvals required No approvals required.
for the acquisition
Indicative time period for The allotment 6,58,64,009 equity shares of HCIFPL has
completion of the acquisition been completed on 2nd July 2026.
Consideration - whether cash
7 consideration or share swap or any Cash consideration
other form and details of the same
Cost of acquisition and/or the price
8 Rs. 26.78 per share aggregating to Rs. 176.38 Cr.
at which the shares are acquired
The Company has acquired an additional 6,58,64,009
Percentage of shareholding /
equity shares of HCIFPL. Post the additional acquisition,
9 control acquired and / or number
the shareholding of the Company in HCIFPL remains at
of shares acquired
80.17%.
Home Credit India Finance Private Limited (HCIFPL) is a
non-deposit-taking non-banking financial company
registered with the Reserve Bank of India (RBI) and has
been categorised as a middle layer NBFC. HCIFPL is
Brief background about the entity
engaged in providing loans to the retail segment for
acquired in terms of products/line
consumer durables and cash loans. It also offers add on
of business acquired, date of
products in the form of non-credit value-added services.
incorporation, history of last 3
10 HCIFPL operates through the point of sales (POS) model
years turnover, country in which
and online model.
the acquired entity has presence
and any other significant Date of incorporation: 1 October 1997
information (in brief).
Turnover of last 3 years:
FY 2025 – 2026: Rs 2,112.74 Crores
FY 2024 – 2025: Rs 2,096.54 Crores
FY 2023 – 2024: Rs 1,927.03 Crores
Website: www.tvsholdings.com Email: corpsec@tvsholdings.com CIN: L64200TN1962PLC004792