TVS Holdings Ltd subsidiary announces Composite Scheme of Amalgamation approval
TVS Holdings · Finance
Key highlights
- Composite Scheme of Amalgamation approved among STPL Trading and Services Pvt Ltd, Home Credit India Finance Pvt Ltd, TVS Housing Finance Pvt Ltd, TVS Credit Services Ltd and respective shareholders, dated 5 August 2026
- Share exchange ratios: 155.79 shares of Transferee Company 1 per 200 shares of Transferor Company 1; 9.94 shares of Transferee Company 2 per 180 shares of Transferor Company 2; no shares issued for Transferor Company 3 (wholly owned subsidiary)
- Valuation by Bansi S Mehta Valuers LLP; fairness opinion by JM Financial Services Ltd; no change in TVS Holdings Ltd shareholding; approvals pending from RBI, CCI, NSE, SEBI, NCLT, shareholders, creditors
Why it's rated notable: This is a composite amalgamation of subsidiaries under common control, the Company is not a party, no consideration value is stated, and the Scheme remains subject to RBI, CCI, NSE, SEBI and NCLT approvals, so the level is medium at most and not binding.
Original filing
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from TVS Holdings
- Acquisition / mergerNotableTVS Motor Company approves composite scheme for consumer finance demerger
- Fundraise / allotmentNotableTVS Holdings allots 93,06,76,784 Bonus 6% NCRPS to equity shareholders
- Dividend / buyback / bonusNotableTVS Holdings Limited scheme effective; issues preference shares to equity holders
- Acquisition / mergerNotableTVS Holdings Limited Scheme of Arrangement approved by NCLT Chennai Bench
- Fundraise / allotmentNotableTVS Holdings reports reduction in shareholding in Home Credit India Finance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.