TVS Holdings allotted shares in Home Credit India Finance as part of rights

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The aggregate cost of this additional investment exceeds the materiality threshold specified under regulations but the company’s aggregate holding in HCIFPL remains at 74.45 per cent since it was a rights issue, the company explained

By BL Chennai Bureau

Updated - November 02, 2026 at 09:46 PM.

The additional investment is made towards sustaining and accelerating the current growth rate of HCIFPL, TVS Holdings said

TVS Holdings Ltd on Monday informed exchanges that it has been allotted an additional 12,55,26,842 equity shares of ₹10 each in Home Credit India Finance Private Ltd (“HCIFPL”), a subsidiary of the company pursuant to a right issue offer made. The consideration of the offer stands at ₹484 crore.

The aggregate cost of this additional investment exceeds the materiality threshold specified under regulations but the company’s aggregate holding in HCIFPL remains at 74.45 per cent since it was a rights issue, the company explained.

Home Credit India Finance Private Ltd (HCIFPL) is a non-deposit-taking non-banking financial company registered with the Reserve Bank of India (RBI) and has been categorised as a middle layer NBFC.

During the year 2025-26, HCIFPL generated a turnover of ₹2,112.74 crore. Profit after tax of. ₹132.24 crore and had a networth of ₹2,654.35 Crores.

The additional investment is made towards sustaining and accelerating the current growth rate of HCIFPL, TVS Holdings said.

Published on November 2, 2026

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