TVS Holdings Limited — JV/Acquisition, 03-02-2025: Acquisition

TVS Holdings Limited has completed the acquisition of an 80.74% equity stake in Home Credit India Finance Private Limited for ₹554 Crores. This strategic move aims to enhance TVS Holdings' presence in the financial services sector, leveraging Home Credit India's extensive customer base of 1.6 crore and its Assets under Management of approximately ₹5,535 Crores. The acquisition is expected to generate synergies in collections and cost efficiencies, positioning TVS Holdings to reach a lending book of around ₹33,000 Crores and aiming for ₹50,000 Crores in three years, enhancing value for shareholders.