The company was allotted over 22.91 crore equity shares at a price of ₹22.99 per share, taking its total shareholding in HCIFPL to 80.39%, it said in an exchange filing.
HCIFPL is a non-deposit taking non-banking financial company (NBFC) registered with the Reserve Bank of India and operates in the retail lending space, offering consumer durable loans and cash loans through both point-of-sale and online channels.
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TVS Holdings said the additional investment is aimed at supporting the subsidiary’s growth and maintaining optimal capital adequacy levels.
The transaction qualifies as a related party deal, as HCIFPL is a subsidiary of the company, and has been carried out at arm’s length based on a valuation report, the company added.
For FY25, HCIFPL reported a turnover of ₹2,096.54 crore and a net loss of ₹530.04 crore, with a net worth of ₹1,583.04 crore.
The company said no regulatory approvals were required for the transaction, which was completed on March 28, 2026.
Shares of TVS Holding closed 0.22% lower at ₹14,059 on Friday, ahead of the announcement. The stock has delivered a return of 62.39% over the last 12 months.
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