TVS Motor Company Ltd approves 100% acquisition of Harita ARC for ₹25,000 and demerger of its consumer finance business
- The composite scheme merges wholly owned TVS Motor Services Limited into TVS Motor Company and demerges its consumer finance and related business into Harita ARC.
- Harita ARC is proposed to issue one equity share for each TVS Motor Company share, with an intended matching shareholding pattern.
- The demerged undertaking reported turnover of ₹3,921 crore for the period ended 30 September 2026; the scheme is subject to applicable approvals.
Original Filing: https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=419dc90f-08bf-4b00-afac-b6634e9c1b60.pdf