TVS Motor Company approves composite scheme for consumer finance demerger
TVS Holdings · Finance
What the filing says
- Board approved demerger of consumer finance and related business into a new entity, Harita ARC Limited (TVSM WOS), on October 28, 2026
- Scheme includes amalgamation of TVS Motor Services Limited into TVS Motor Company and share issuance to existing shareholders on 1:1 basis
- Consumer finance business turnover was ₹3,921 crore for six months ended September 30, 2026; shares of TVSM WOS to be listed post approvals
Why it's rated notable: amount is ₹500 crore or more
Original filing
Announcement Under Regulation 30 Of SEBI LODR, Regulations 2015
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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.
