TVS Motor to acquire STPL for Rs 530.08 crore
TVSMOTOR · price
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TVS Motor's board approved buying all 18,89,47,551 shares of STPL for cash of Rs 530.08 crore. STPL holds 7.5% of Home Credit India Finance and reported FY2024-25 profit after tax of Rs 72.44 crore. The related-party deal is at arm's length based on valuation. Completion is due by December 31, 2026, needs no approvals, and would add about 2.4% to TVS Credit Services after the Home Credit merger.
On completion, STPL becomes wholly owned. The deal is expected to add about 2.4% to TVS Credit Services after the Home Credit merger.