Tvs holdings expansion: TVS Holdings has completed the acquisition of 80.74 per cent equity share of Home Credit India. This purchase has been done for Rs 554 crore. The company announced it in market hours but it has not yet shown a significant impact on shares. The reason for this is that US President Donald Trump’s decision to impose 25 per cent tariffs on Canada and Mexico showed pressure in the stock market around the world. Under this selling pressure, TVS Holdings shares fell 4.11 per cent to ₹ 9080.00 in intra-day. There was a purchase at a lower level but it could not recover till the end of the day and closed at ₹ 9122.75 with a decline of 3.66 per cent on BSE.
TVS Holdings had announced only last year
Investment company TVS Holdings today revealed in the exchange filing. The company has completed 80.74 per cent stake in Home Credit India for Rs 554 crore. Apart from this, the company also revealed that the remaining 19.26 percent stake was bought by Premji Invest and other colleagues of TVS Holdings. The company announced in the beginning of May 2024 last year that it is going to buy the Home Credit from the Netherlands Home Credit India Biwi and the Czech Republic’s Home Credit International AS.
Home Credit India distributes unsecured loans and TVS Holdings has bought it to strengthen its presence in the financial services sector. Home Credit India has more than 1.6 crore customers and according to data up to March 2024, its asset under management is about Rs 5535 crore. It has more than 50 thousand points of sale in more than 625 cities of the country. After the completion of this acquisition, Sudarshan Venu, MD of TVS Holdings, said that the group’s lending book will now be about Rs 33 thousand crore, which has become very close to the target of Rs 50 thousand crore in three years.
How was the move of TVS Holdings shares in a year?
The stocks of TVS Holdings have earned investors’ great earnings last year. Last year, on 13 February 2024 it was at Rs 7875.50, which is a one -motion of one year for its shares. It jumped around 92 per cent in 7 months from this lower level to reach Rs 15115.30 on 24 September 2024, which is a record high for its shares. However, the shares came to a standstill here and currently it is about 40 per cent downside from this high.
Eicher Motors Shares: Shares ran above the speed of bullet throughout the pride, touched record high on these figures of sales
Tariff War IMPACT: Calculation of Goldman’s market around Canada and Mexico, which is shaken by tariffs