TVS Motor approves 1-for-1 consumer finance demerger into Harita ARC
TVSMOTOR · price
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TVS Motor's board approved buying all of Harita ARC for Rs 25,000 and a scheme to merge TVS Motor Services into it and move consumer finance into Harita ARC. Harita ARC will issue one share per TVS Motor share, with no cash payment. The finance business had Rs 3,921 crore turnover for the half year to 30 September 2026, about 11 percent of TVS Motor's Rs 35,770 crore. Exchange, regulator, tribunal, shareholder and creditor approvals are pending.
May unlock value in consumer finance and simplify the group, but shareholder, tribunal, regulator and exchange approvals are still needed.