TVS Motor Company Ltd completes acquisition of 100% of Harita ARC Limited for ₹25,000
- Harita ARC was acquired from TVS Credit Services Limited for cash consideration.
- Proposed scheme amalgamates wholly owned TVS Motor Services Limited into TVS Motor Company and demerges consumer finance and related business into Harita ARC.
- Harita ARC would issue one ₹1 share for every TVS Motor Company share; the demerged undertaking reported ₹3,921 crore turnover for the period ended 30 September 2026.
- Scheme implementation is subject to applicable statutory, regulatory, stock-exchange, tribunal, shareholder and creditor approvals.
Original Filing: https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3a171611-5585-4024-8954-23a4e849037b.pdf