Target Entity: TVS Credit Services Ltd ("TVSCS")

Type of Deal: Acquisition of minority stake from existing shareholder

Stake/Capacity: 4.39% of paid-up share capital (1,13,37,297 equity shares) on fully diluted basis

Deal Value: ₹711 crore aggregate consideration

Funding Source: Cash consideration

Financial Impact:

  • TVS Credit Services generated turnover of ₹7,191.14 crore with PAT of ₹913.17 crore and networth of ₹6,067.63 crore for period ended 31st March 2026
  • Historical turnover: FY 2025-26: ₹7,191.14 crore, FY 2024-25: ₹6,604.75 crore, FY 2023-24: ₹5,789.72 crore

Timeline: Acquisition completed on 27th July 2026 at 8:00 PM IST

Strategic Rationale:

  • Consolidate Company's stake in TVS Credit Services by acquiring shares held by other shareholders
  • Expected to streamline ownership and facilitate operational efficiencies

Approval Status: Transaction completed - no governmental or regulatory approvals required

Additional Details:

  • TVS Credit Services is registered with RBI as "non-deposit taking Non-Banking Finance Company" since 13th April 2010
  • Offers diverse lending products including automobile finance, consumer durable loans, and small business loans
  • Incorporated on 5th November 2008
  • Country of presence: India
  • Not a related party transaction
  • Acquisition exceeds disclosure threshold under SEBI LODR Regulation 30(4)(i)(c)

Reference Regulation: SEBI Listing Regulations Regulation 30 and Schedule III, SEBI Master Circular dated January 30, 2026 (SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026)