TVS Motor raises stake in TVS Credit with ₹711 crore acquisition
TVS Motor Company Ltd has acquired an additional 4.39% stake in subsidiary TVS Credit Services Ltd (TVS Credit) from Lucas-TVS for an aggregate consideration of ₹711 crore, increasing its shareholding in the lending arm to 85.15% on a fully diluted basis. The transaction involved the purchase of 1,13,37,297 equity shares of TVS Credit and was…
