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TVS Holdings acquires 80.74% stake in Home Credit India for Rs 554 Cr
YourStory
·
6m ago
Medial
TVS Holdings Limited acquired an 80.74% stake in Home Credit India for Rs 554 crore, with the rest acquired by Premji Invest and TVS associates. This move enhances TVS Holdings' financial services presence, aiming to boost financial inclusion. The acquisition includes Home Credit India's vast customer base and network, contributing to a Rs 33,000 crore lending book for TVS. The acquisition, funded by real estate asset sales and borrowings, promises synergies and growth in profitability.
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TVS Holdings to acquire 80.74% in Home Credit India
Inshorts
·
1y ago
Medial
The Board of directors of TVS Holdings Limited have approved the acquisition of 80.74% equity stake in Home Credit India Finance Private Limited (HCIFPL) for Rs 554 crore, said a statement by the company. The remaining 19.26% equity stake will be purchased by Premji Invest and other associates.
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TVS Holdings, 2 Others Get CCI's Clearance to Acquire Stakes in Home Credit India Fin
OutlookIndia
·
2m ago
Medial
The Competition Commission of India (CCI) has greenlit the acquisition of Home Credit India Finance by TVS Holdings, STPL, Premji Invest Group, and others. This deal involves purchasing 100% of Home Credit's shares, with TVS Holdings acquiring 80.74%, STPL 8.47%, and PI Opportunities Fund-II 10.79%. The transaction will help TVS Holdings expand its financial services and customer base across India, while Premji Invest and others will acquire the remaining 19.26% stake.
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TVS Credit to make a bid for Avendus Capital
Livemint
·
7m ago
Medial
TVS Credit, the financial services arm of India-based TVS Group, is reportedly considering a bid for KKR-backed investment bank Avendus Capital as part of its strategy to expand its financial services business. TVS Group may acquire Avendus and keep it as a standalone entity or make an acquisition through TVS Credit. Other potential bidders for Avendus include Nomura Holdings, Mizuho Financial Services, and Carlyle. Avendus Capital specializes in investment banking, particularly within India's technology and startup sectors. The final decision on the sale is expected to be made in January 2023.
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Kamath brothers pick Rs 250 cr minority stake in InCred ahead of IPO
Economic Times
·
1m ago
Medial
Zerodha co-founders Nikhil and Nithin Kamath have invested Rs 250 crore to acquire a minority stake in InCred Holdings ahead of its IPO. InCred, founded in 2016, is a diversified lending platform serving retail and MSME borrowers in India. The Kamath brothers' investment underscores confidence in India's rapidly evolving, digitalized credit landscape. InCred utilizes proprietary risk analytics and digital operations to position itself as a leader in India's next-generation NBFC segment.
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PE firm EQT acquires Indostar Home Finance for Rs 1,750 Cr
YourStory
·
10m ago
Medial
Private equity firm EQT has agreed to acquire a 100% stake in Indostar Home Finance for INR 1,750 crore ($210 million). Indostar Home Finance, a subsidiary of Indostar Capital Finance Limited, offers affordable mortgages in tier 2 to tier 4 cities in India. It has achieved a 32% compounded annual growth in the last three years, with assets under management exceeding INR 2,400 crore. The investment will support the company's expansion plans and digital transformation journey. India's affordable housing finance sector is seen as a long-term growth opportunity due to government support and rising affordability.
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Ashok Leyland invests ₹25 cr to buy 50% in TVS Trucks & Buses
Thehindubusinessline
·
1y ago
Medial
Ashok Leyland has acquired a 50% stake in TVS Trucks and Buses for ₹25 crore. TVS Trucks is an automotive dealership company in India. Through this investment, Ashok Leyland aims to enhance its automotive business. Following the allotment by the Board of Directors of TVS Trucks, Ashok Leyland's shareholding in the company stands at 49.9%, making it an associate company.
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Visa processing firm BLS’ arm acquires Aadifidelis Solutions
VCCircle
·
1y ago
Medial
Visa processing firm BLS International's subsidiary, BLS E-Services, has acquired financial services company Aadifidelis Solutions. The subsidiary will purchase a 55% stake in Aadifidelis for INR 190 crore (around $25.5 million), with an upfront investment of INR 71 crore. Aadifidelis offers services such as loans against property, personal loans, credit cards, and home loans. It operates across 17 states in India and has a network of over 8,600 channel partners. In FY24, Aadifidelis recorded revenues of INR 577 crore and EBITDA of INR 22 crore.
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Temasek’s Fullerton Acquires Controlling Stake In Lendingkart
Inc42
·
9m ago
Medial
Fullerton Financial Holdings (FFH) has announced its plan to acquire a majority stake in Lendingkart, a startup in India. FFH, a portfolio company of Temasek, will invest INR 252 crore in Lendingkart. The additional capital injection will assist Lendingkart in expanding its presence in untapped markets and improving its technological capabilities.
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Alpha TC Holdings sells 2.4% stake in Tata Technologies for Rs 1,004 Cr
YourStory
·
11m ago
Medial
Singapore-based Alpha TC Holdings has reduced its stake in Tata Technologies by 2.4% through an open market transaction worth Rs 1,004 crore. Alpha TC Holdings sold 99,10,136 shares, bringing its stake down to 1.9% from 4.34%. The buyers of the Tata Technologies shares are unknown. Last month, Tata Technologies reported a 15.4% decline in consolidated profit after tax for the June 2021 quarter. Tata Technologies made its stock market debut in November 2020 with a premium of 140%. The company's IPO was the first from the Tata Group in nearly two decades.
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PayU raises over Rs 303 Cr in fresh equity from Prosus arm
YourStory
·
24d ago
Medial
PayU India secured Rs 302.88 crore in fresh equity from MIH Payments Holdings BV, part of the Prosus group. The company allocated 48.68 million equity shares at Rs 62.21 each. Despite regulatory challenges and competition, PayU India's revenue rose 21.41% to $669 million in FY25, although losses increased. The acquisition of a 70% stake in Mindgate Solutions aims to enhance its UPI capabilities. PayU Finance also saw growth, increasing loan disbursements and revenue.
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