Corporate News

28-Oct-2026, 04:13

TVS Motor Company Limited announced that its Board of Directors approved the acquisition of the entire stake of STPL Trading and Services Private Limited for a sum of Rs 530.08 crore. Upon completion of the acquisition, STPL, which holds 7.5% shares in Home Credit India Finance Private Limited, will become a wholly owned subsidiary of TVS Motor Company Limited, resulting in an additional holding of approximately 2.4% in TVS Credit Services Limited post-merger of Home Credit with TVSCS. The acquisition is expected to be completed on or before December 31, 2026, and is considered a related party transaction conducted at arm’s length.