Announced Mon, 20 Jul · 19:18 IST
TVS Holdings stake in Home Credit India diluted to 74.45 percent
Business Updates View source PDF
TVSHLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.9%1-day move
₹14034.00
prior close
₹14031.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8—-0.5-0.3+5.9+5.5+4.4+4.7——————
Up moveDown movePending
AI summary
TVS Holdings informed the exchange that its shareholding in subsidiary Home Credit India Finance has been reduced from 80.17 percent to 74.45 percent. The dilution happened because Home Credit allotted new shares to other investors. TVS Holdings still retains majority control over the NBFC subsidiary.
Likely market impact
Minor stake dilution in subsidiary to outside investors; TVS Holdings retains majority control above 50 percent, so no loss of subsidiary status.