Key Transaction Details
- Date of Occurrence: 2nd July 2026 at 1:00 PM
- Entity: TVS Holdings Limited (Scrip Code: BSE 520056, NSE TVSHLTD)
- Transaction Type: Subscription to right issue offer
- Target Company: Home Credit India Finance Private Limited (HCIFPL), a subsidiary
- Shares Acquired: 6,58,64,009 equity shares of ₹10 each
- Price per Share: ₹26.78
- Total Investment: ₹176.38 crore
- Post-Transaction Holding: 80.17% (unchanged from pre-transaction level)
Target Company Profile
- Name: Home Credit India Finance Private Limited
- Business: Non-deposit taking non-banking financial company (NBFC) categorized as middle layer NBFC by RBI
- Operations: Provides retail loans for consumer durables and cash loans through point of sales (POS) model and online model
- Additional Services: Non-credit value-added services
- Incorporation Date: 1 October 1997
Financial Performance of HCIFPL
Turnover History:
- FY 2025-2026: ₹2,112.74 Crores
- FY 2024-2025: ₹2,096.54 Crores
- FY 2023-2024: ₹1,927.03 Crores
Latest Financials (2025-26):
- Profit After Tax: ₹132.24 Crores
- Net Worth: ₹2,654.35 Crores
Transaction Specifics
- Consideration Type: Cash
- Related Party Status: Yes, HCIFPL is a subsidiary
- Arm's Length Basis: Confirmed - shares issued at same price and terms as offered to other shareholders based on fair valuation approved by HCIFPL Board
- Promoter Group Interest: STPL Trading and Services Private Limited (promoter group member) holds 8.08% in HCIFPL
- Government Approvals: None required
- Completion Status: Allotment completed on 2nd July 2026
Purpose and Rationale
The additional investment is made towards sustaining and accelerating the current growth rate of HCIFPL.