TVS Motor Ltd subsidiary announces Composite Scheme of Amalgamation approval
TVS Motor Company · Automobiles
Key highlights
- Scheme involves STPL Trading and Services Pvt Ltd, Home Credit India Finance Pvt Ltd, TVS Housing Finance Pvt Ltd, and TVS Credit Services Ltd
- 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
- Valuation by Bansi S Mehta Valuers LLP with fairness opinion from JM Financial Services; effective date valuation to be updated before implementation
Why it's rated notable: This is an amalgamation of subsidiaries under common control with no stated consideration value, TVS Motor is not a party, and the scheme remains subject to regulatory and shareholder approvals, so the level is medium at most.
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 Motor Company
- Financial resultsMajor developmentTVS Motor Company approves Q2 2026-27 results, STPL acquisition and demerger scheme
- Acquisition / mergerMajor developmentTVS Motor Company approves Q2 2026-27 results, Rs. 530.08 Cr STPL acquisition, scheme
- Acquisition / mergerNotableTVS Motor Company approves acquisition of STPL Trading and Services Pvt Ltd
- Acquisition / mergerNotableTVS Motor Company announces demerger of consumer finance business
- Acquisition / mergerNotableTVS Motor board approves Harita ARC acquisition and composite scheme with demerger
Other acquisition / merger filings this fortnight
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- Cubical Financial Services Ltd announces promoter reclassification post open offer
- Novus Loyalty Limited approves acquisition of AutoPe Payment Solutions via share swap
- Shish Industries Limited files Composite Scheme of Amalgamation proposal
- Jubilant Ingrevia Limited updates on acquisition of 40% stake in Zettaone Technologies
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Potential multibaggers · Q2 FY27
Potential multibaggers in Automobiles
on management's own guidance
- M & MGood growth2
- Strong growth1
- Bajaj AutoGood growth3
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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.