TVS Holdings Ltd has made a significant move by announcing its plan to acquire an 80.74% stake in Home Credit India Finance Pvt Ltd, with an investment totaling Rs 554.06 crore.

The decision was finalized during a Board of Directors meeting held on Friday, where approval was granted for the acquisition of 88,09,45,401 equity shares of Home Credit India Finance Pvt Ltd (HCIFPL). This substantial stake will be acquired from Home Credit India BV, headquartered in the Netherlands, and Home Credit International AS, based in the Czech Republic.

This strategic acquisition underscores TVS Holdings’ commitment to expanding its footprint in the financial sector, leveraging the potential of Home Credit India Finance Pvt Ltd. As the deal progresses, it is poised to redefine the landscape of the Indian financial market. Stay tuned for further updates as this partnership unfolds.