TVS Holdings ups stake in NBFC arm Home Credit India to 80.4% for INR 5.3 bln
This story was originally published at 21:34 IST on 28 March 2026
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AHMEDABAD - TVS Holdings Ltd. has raised its stake in its subsidiary Home Credit India Finance Pvt. Ltd. to 80.39% by investing INR 5.27 billion in cash, the company said in a filing with the stock exchanges Saturday.
The company acquired an additional 229.14 million equity shares at INR 22.99 apiece, with allotment completed on Mar 28. The company said the deal has been undertaken at arm's length, based on an independent valuation report.
Home Credit India Finance is a non-deposit-taking non-banking financial company, classified as a middle-layer entity by the Reserve Bank of India, and operates in the retail lending segment, offering consumer durable loans, cash loans, and value-added services through both point-of-sale and digital channels.
The investment is aimed at supporting growth and maintaining capital adequacy. For FY25, the company reported a turnover of 20.97 bln rupees, with a net loss of 5.30 bln rupees, and a net worth of 15.83 bln rupees.
Other than TVS Holding, STPL Trading and Services Pvt. Ltd., one of the members of the promoter group, holds 8.10% stake in Home Credit India Finance.
For the December quarter, the company's consolidated net profit was INR 4.93 billion on a revenue of INR 152.76 billion. Friday, shares of the company closed 0.55% lower at INR 14,012 on the National Stock Exchange. End
Reported by Sunil Raghu
Edited by Deepshikha Bhardwaj
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