TVS Holdings to acquire 80.74% equity stake in Home Credit India for Rs 554 cr

TVS Holdings Limited has announced that it will acquire a 80.74% equity stake of Home Credit India Finance Private Limited for Rs 554 crores (Proposed Transaction) to expand its presence in the consumer finance space..

Upon signing of a Sale and Purchase Agreement, TVS Holdings and Home Credit shall proceed to obtain approvals from the Competition Commission of India and the Reserve Bank of India, respectively, for the Proposed Transaction...

Home Credit is one of the leading players in the consumer financing market and had an Assets under Management (AUM) of Rs 5,535 crore as of March 31, 2024...

Home Credit will operate as a subsidiary of TVS Holdings, maintaining its brand identity and focus on its unique customer segment, while benefiting from the resources and support of TVS Holdings Group."..

Together with TVS Credit, the Group will now have a lending book of ~Rs 31,000 Crore, taking us closer to our book-size goal of Rs. 50,000 Cr in the next three years..

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