Home Credit India Finance Pvt. Ltd
TVS Holdings, 2 others get CCI clearance to buy stakes in Home Credit India
The Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of stakes in Home Credit India Finance by TVS Holdings, STPL, Premji Invest Group as well as other related transactions. The deal includes acquisition of 80.74 per cent, 8.47 per cent and 10.79 per cent of the issued and paid-up share capital of Home Credit by each of TVS Holdings Ltd (TVSH), STPL Trading and Services Pvt Ltd (STPL), and PI Opportunities Fund-II (PIOF), respectively. The regulator also granted its nod for the acquisition of 2.6 per cent, 4.3 per cent, 2.7 per cent, and 90.4 per cent of the equity share capital of STPL by K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWCF, respectively. The proposed combination involves acquisition of 100 per cent of the issued and paid-up share capital of Home Credit India Finance Pvt Ltd (Home Credit) by TVSH, STPL, K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWC Family Fund Investments Pte Ltd (GWCF) (STPL Acquirers) and PIOF, CCI said i
 "TVS Holdings, 2 others get CCI clearance to buy stakes in Home Credit India")
TVS Holdings to acquire 80.74% in Home Credit India for Rs 554 cr
2 companies will need approval from the Competition Commission and Supreme Court for deal
 "TVS Holdings to acquire 80.74% in Home Credit India for Rs 554 cr")
TVS Holdings to buy 80.7% stake in Home Credit India worth Rs 554.06 cr
TVS Holdings Ltd on Friday said it will acquire 80.74 per cent stake in Home Credit India Finance Pvt Ltd for an aggregate consideration Rs 554.06 crore. The Board of Directors at its meeting held on Friday approved the acquisition of 88,09,45,401 equity shares of Home Credit India Finance Pvt Ltd (HCIFPL), amounting to 80.74 per cent stake, from Home Credit India BV, an entity based in the Netherlands and Home Credit International AS, a Czech Republic-based entity, TVS Holdings said in a regulatory filing. The aggregate consideration for the acquisition is Rs 554.06 crore, it added. Home Credit India Finance is engaged in the business of providing unsecured loans and is one of the leading players in the consumer financing market and the personal loans segment, the filing said. It had clocked a turnover of Rs 1,720 crore in 2022-2023. This acquisition aligns with the strategy of TVS Holdings Ltd to expand in the consumer finance sector, further strengthening its portfolio, the com
 "TVS Holdings to buy 80.7% stake in Home Credit India worth Rs 554.06 cr")
Home Credit India names Sandip Mallik as new human resources chief
Sandip brings nearly three decades of varied and multi-cultural work experience across India, South East Asia, and Europe
 "Home Credit India names Sandip Mallik as new human resources chief")
