Acquisition History / TVS Holdings Ltd / Home Credit India Finance Pvt Ltd (80.74%)
TVS Holdings Ltd Acquires Home Credit India Finance Pvt Ltd (80.74%)
Announced May 10, 2024 — $62.6M
What happened
TVS Holdings' board approved buying an 80.74% stake in Home Credit India Finance for Rs 554 crore, with Premji Invest and associates taking the remaining 19.26%. Home Credit India, part of the international Home Credit consumer finance group, has served more than 16 million customers since entering India in 2012. The deal needed CCI and RBI approvals.
- Acquirer
- TVS Holdings Ltd
- Target
- Home Credit India Finance Pvt Ltd (80.74%)
- Announced
- May 10, 2024
- Price
- $62.6M
- Industry
- Consumer finance NBFC
- Buyer type
- Holding company
- Backing investors
- Premji Invest (co-investor)
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did TVS Holdings Ltd acquire Home Credit India Finance Pvt Ltd (80.74%)?
TVS Holdings Ltd acquired Home Credit India Finance Pvt Ltd (80.74%) on May 10, 2024. This was TVS Holdings Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did TVS Holdings Ltd pay for Home Credit India Finance Pvt Ltd (80.74%)?
TVS Holdings Ltd paid $62.6M for Home Credit India Finance Pvt Ltd (80.74%).
What does Home Credit India Finance Pvt Ltd (80.74%) do?
TVS Holdings' board approved buying an 80.74% stake in Home Credit India Finance for Rs 554 crore, with Premji Invest and associates taking the remaining 19.26%. Home Credit India, part of the international Home Credit consumer finance group, has served more than 16 million customers since entering India in 2012. The deal needed CCI and RBI approvals.
What other Consumer finance NBFC companies has TVS Holdings Ltd acquired?
Home Credit India Finance Pvt Ltd (80.74%) is TVS Holdings Ltd's only publicly tracked acquisition in Consumer finance NBFC so far.