Chennai-based TVS Holdings has announced the acquisition of an 80.74% equity stake in Home Credit India Finance (HCIFPL) for Rs 554 crore. The Board of TVS Holdings approved the proposal, with the remaining 19.26% equity to be purchased by Premji Invest and other associates. This strategic move is aimed at expanding TVS Holdings’ presence in the consumer finance sector. Home Credit will operate as a subsidiary of TVS Holdings while retaining its brand identity and focus on its unique customer segment.
TVS Holdings Acquires Majority Stake in Home Credit India Finance
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