TVS Motor Raises Stake in TVS Credit to 85.15% with ₹7.11 Billion Acquisition

TVS Motor Company has increased its ownership in its financial services arm, TVS Credit Services Ltd, by acquiring an additional 4.39% stake from Lucas-TVS for ₹7.11 billion. The transaction, completed on July 27, involved the purchase of 11.34 million equity shares and has raised TVS Motor’s fully diluted shareholding in the non-banking financial company (NBFC) […]