TVS Motor buys Harita ARC and moves consumer finance business into it
TVSMOTOR · price
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TVS Motor acquired all of Harita ARC from a group company for Rs 25,000. It will merge TVS Motor Services into itself and move consumer finance and related operations into Harita ARC. Shareholders will get 1 Harita share for each TVS share, with no cash payment. The moved business had turnover of Rs 3,921 crore in the September 2026 quarter, against TVS Motor's Rs 35,770 crore. Key approvals are pending; Harita plans to seek a listing.
No immediate ownership change is planned for TVS Motor. The move may unlock value in consumer finance and simplify the group, subject to approvals.