TVS Motor Company has acquired an additional 4.39% stake in its subsidiary TVS Credit Services for ₹711 crore. This acquisition increases its holding in TVS Credit to 85.15%. The move aligns with the company's strategy to enhance its footprint in financial services. This follows management's evaluation of strategic options including a potential carve-out of the lending business.
Company Information
Company
TVS Motor Company
Location
Hosur, Tamil Nadu, India
About
TVS Motor Company is a global automaker that operates in the two and three-wheeler segments.