Target Entity
Home Credit India Finance Private Limited (HCIFPL)
Type of Deal
Additional investment via rights issue (minority stake acquisition)
Stake/Capacity
TVS Holdings acquired an additional 12,55,26,842 equity shares of ₹10 each. Post-acquisition, the company's aggregate holding in HCIFPL remains unchanged at 74.45%.
Deal Value
₹483.91 crore at ₹38.55 per share (cash consideration)
Funding Source
Cash consideration (specific funding source not disclosed in document)
Financial Impact
HCIFPL's financial performance disclosed:
- FY 2025-26 Turnover: ₹2,112.74 Crores
- FY 2025-26 Profit After Tax: ₹132.24 Crores
- FY 2025-26 Net Worth: ₹2,654.35 Crores
- Historical Turnover: FY 2024-25: ₹2,096.54 Crores, FY 2023-24: ₹1,927.03 Crores
Financial impact on TVS Holdings not specifically disclosed beyond the investment amount.
Timeline
The allotment of shares was completed on 31st October 2026 and intimated to TVS Holdings on 2nd November 2026.
Strategic Rationale
The additional investment is made towards sustaining and accelerating the current growth rate of HCIFPL.
Approval Status
Completed. No governmental or regulatory approvals required.
Additional Details
- HCIFPL is a non-deposit-taking non-banking financial company registered with RBI and categorized as a middle layer NBFC
- Business: Provides loans to retail segment for consumer durables and cash loans; offers non-credit value-added services
- Operations: Point of sales (POS) model and online model
- Date of incorporation: 1 October 1997
- Company Registration No.: U65910KA1997PTC218378
Related Party Aspects
- Transaction qualifies as related party transaction as HCIFPL is a subsidiary company
- STPL Trading and Services Private Limited (Promoter Group member) holds 7.50% of HCIFPL
- Transaction executed at arm's length basis at same price and terms offered to other shareholders