Key Quantitative Figures
- Acquisition cost: ₹530.08 Crore
- Target company paid-up capital: ₹188,94,75,510 (₹188.95 Crore)
- Target company Profit After Tax: ₹72.44 Crore
- Target company Networth: ₹220.85 Crore
- Number of equity shares acquired: 18,89,47,551
- Percentage stake acquired: 100%
Parties Involved
- Acquiring entity: TVS Motor Company Limited
- Target entity: STPL Trading and Services Private Limited (STPL)
- STPL's investment: Holds 7.5% shares in Home Credit India Finance Private Limited (an NBFC)
- Ultimate beneficiary: TVS Credit Services Limited (TVSCS)
Purpose and Rationale
The acquisition is part of the Company's business consolidation and restructuring initiatives. The acquisition of STPL shares will ultimately result in additional holding in TVS Credit Services Limited to the extent of approximately 2.4% post-merger of Home Credit with TVSCS.
Transaction Details
- Consideration type: Cash consideration
- Nature of transaction: Related party transaction (shares acquired from various stakeholders who are related parties)
- Valuation basis: Arms-length based on valuation report
- Governmental/regulatory approvals required: None
Target Company Details
- Business: Trading and services company
- Industry: Business of Trading and Services
- Headquarters: Bengaluru
- Countries with presence: India
- Financial turnover:
- FY 2025-26: Not available (-)
- FY 2024-25: ₹1.05 Crore
- FY 2023-24: Not available (-)
Capital Structure Impact
Upon completion of the acquisition, STPL will become a wholly owned subsidiary of TVS Motor Company Limited.
#Tags #TVSMotor #Acquisition #SEBIDisclosure #RegulatoryCompliance #M&A #Neutral