TVS Holdings pumps ₹527 crore into Home Credit India, now holds 80%
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TVS Holdings injects ₹527 crore into Home Credit India Finance Private Limited (HCIFPL), lifting its stake to just over 80 %.
- Subscribed 229,139,017 shares at ₹22.99 each, a cash infusion of ₹527 crore, raising ownership to 80.39 % and giving decisive control.
- HCIFPL’s FY 2024‑25 results showed ₹2,096.54 crore turnover, a ₹530.04 crore loss after tax, and net‑worth of ₹1,583.04 crore.
- The funding will be used to expand its consumer‑durable and cash‑loan portfolio, grow the POS network, and strengthen capital to meet RBI requirements.
- The investment aligns HCIFPL with the TVS ecosystem, creating cross‑selling opportunities with the group’s automotive and consumer‑goods businesses.
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