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TVS Holdings Ltd. said it has completed the acquisition of 80.74% equity stake in Home Credit India Finance Private Ltd. for ₹554 crore. The balance 19.26% of the equity stake has been purchased by Premji Invest and associates of TVS Holdings.
This acquisition aligns seamlessly with TVS Holdings’ mission to strengthen its presence in the financial services sector, the company said.
The acquisition of Home Credit was funded through a combination of proceeds from the recent sale of the company’s real estate assets and borrowings from capital markets.
Sudarshan Venu, Managing Director, TVS Holdings, said, “The acquisition of Home Credit India marks an important milestone for TVS Holdings. This transaction underscores our commitment to delivering innovative and inclusive financial solutions.”
“Together with TVS Credit, the Group will now have a lending book of ₹33,000 crore, taking us closer to our book-size goal of ₹50,000 crore in the next three years,” he said.
Home Credit India is into consumer finance with Assets under Management (AUM) of ₹5,535 crore as of March 31, 2024. It has an employee base of 3,800 and a network of over 50,000 points-of-sale (PoS) in more than 625 cities in India.
Published – February 03, 2025 08:05 pm IST
