M&A

M&A

TVS Motor ups stake in TVS Credit to 85.15% for Rs.711-Cr

BSE Announcement   Business Line  

Chennai-based TVS Motor Company has acquired 11,337,297 equity shares of its subsidiary, TVS Credit Services , from group company Lucas-TVS for INR 711 crore in cash. The acquisition represents 4.39% of the paid-up share capital of the subsidiary. Following this transaction, the shareholding of TVS Motor in the firm has gone up from 80.76% to 85.15% on a fully diluted basis.TVS Credit offers small business loans, consumer durable loans, and automobile finance. For the period ended March 31, 2026, the company reported a net worth of INR 6,068 crore, a profit after tax of INR 913 crore, and a turnover of INR 7,191 crore.

Between Apr 2010 and Jun 2023, TVS Credit Services had attracted about $ 92 M from PremjiInvest, Phi Capital.