TVS Motor Company Ltd approves ₹530.08 crore cash acquisition of 100% of STPL Trading and Services
- STPL holds a 7.5% stake in Home Credit India Finance; the deal is intended to support business consolidation and restructuring.
- Following the Home Credit–TVS Credit merger, TVS Motor’s indirect holding in TVS Credit Services is expected to increase by approximately 2.4%.
- The related-party transaction is based on a valuation report and will be conducted at arm’s length; no regulatory approvals are required. Completion is expected by 31 December 2026.
Original Filing: https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=33263b7b-7f87-4bed-a1eb-c203ec7f06e6.pdf