TVS Motor subsidiaries approve composite amalgamation scheme

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

TVSMOTOR · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹4360.00

prior close

₹4434.50

announcement price

In-mkt

timing

Nifty 100market+0.1%+1.5% vs market

2/3 Wheelers peers, median of 7sector+1.0%+0.7% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty 100 and 0.7 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+0.1+1.5+1.0+0.7

Next day

+0.3+0.1+0.2+0.4-0.1

+1.9-0.0+1.9+1.4+0.5

+2.4+0.0+2.4+1.0+1.4

+1.1-0.4+1.5+2.9-1.8

-0.2-0.5+0.3+3.6-3.8

-1.2-0.8-0.5+1.7-2.9

15d

+1.9-1.3+3.2+1.6+0.3

-5.0-3.2-1.8-1.0-4.0

-7.5-8.1+0.5-8.3+0.7

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UpDownMarket · Nifty 100Sector · 2/3 Wheelers peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Four TVS Motor subsidiaries approved a composite amalgamation scheme to simplify the group structure. Key figures: TVS CS assets Rs 35,683 crore, turnover Rs 1,918 crore; Home Credit India assets Rs 8,367 crore. Share swap: 155.79 Home Credit shares per 200 STPL shares; 9.94 TVS CS shares per 180 Home Credit shares. TVS Housing Finance merges into TVS CS with no consideration. TVS Motor is not a party, no change in its shareholding. Pending NCLT and other approvals.

Likely market impact

Internal restructuring of TVS Motor NBFC subsidiaries. No direct change to TVS Motor shareholding. Pending regulatory approvals.