TVS Holdings Ltd announced on Sunday, March 29, that it has invested ₹526.79 crore in its subsidiary Home Credit India Finance Pvt Ltd (HCIFPL) through the subscription of additional equity shares. According to reports from CNBC TV18, the company was allotted over 22.91 crore equity shares at a price of ₹22.99 per share, taking its total shareholding in HCIFPL to 80.39%. The transaction qualifies as a related party deal and has been carried out at arm's length based on a valuation report, with no regulatory approvals required for the March 28, 2026 completion.
As reported by CNBC TV18, the additional investment is aimed at supporting the subsidiary's growth and maintaining optimal capital adequacy levels. HCIFPL operates as a non-deposit taking non-banking financial company (NBFC) registered with the Reserve Bank of India, focusing on retail lending including consumer durable loans and cash loans through both point-of-sale and online channels.
According to the exchange filing reported by CNBC TV18, for FY25, HCIFPL reported a turnover of ₹2,096.54 crore and a net loss of ₹530.04 crore, with a net worth of ₹1,583.04 crore. The transaction qualifies as a related party deal and has been carried out at arm's length based on a valuation report, with no regulatory approvals required for the March 28, 2026 completion.
As reported by CNBC TV18, shares of TVS Holding closed 0.22% lower at ₹14,059 on Friday, ahead of the announcement. The stock has delivered a return of 62.39% over the last 12 months, indicating strong investor confidence despite recent market movements. Meanwhile, Bharat Dynamics Ltd. shares are trading at ₹1,136.90 as of March 29, 2026, with a market capitalization of ₹41,674.49 crore.
