TVS Holdings Limited — JV/Acquisition, 05-08-2026: Amalgamation/Merger

Four entities—STPL Trading, Home Credit India Finance, TVS Housing Finance, and TVS Credit Services—are merging. The goal is to simplify their group structure, consolidate NBFC businesses, boost synergies, and improve operational efficiency. For STPL Trading shareholders, it's 155.79 Home Credit India Finance shares per 200 STPL shares. Home Credit India Finance shareholders will get 9.94 TVS Credit Services shares for every 180 Home Credit shares. TVS Housing Finance merges without new share issuance. These swap ratios are provisional and will be updated. TVS Holdings' shareholder structure remains unaffected. The merger requires various approvals.