The company secured over 22.91 crore equity shares at a price of ₹22.99 per share, increasing its total shareholding in HCIFPL to 80.39%, as stated in an exchange filing.
HCIFPL is a non-deposit taking non-banking financial company (NBFC) registered with the Reserve Bank of India, engaging in the retail lending sector by providing consumer durable loans and cash loans through both point-of-sale and online methods.
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TVS Holdings indicated that the additional investment is intended to bolster the subsidiary’s growth and ensure optimal capital adequacy levels.
This transaction is classified as a related party deal since HCIFPL is a subsidiary of the company and has been executed at arm’s length according to a valuation report, the company noted.
For FY25, HCIFPL reported a turnover of ₹2,096.54 crore and a net loss of ₹530.04 crore, with a net worth of ₹1,583.04 crore.
The company confirmed that no regulatory approvals were necessary for the transaction, which was completed on March 28, 2026.
Shares of TVS Holding closed 0.22% lower at ₹14,059 on Friday, prior to the announcement. The stock has provided a return of 62.39% over the past 12 months.
