🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
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.
View Source
Related News
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.
View Source
TVS Holdings acquires 80.74% stake in Home Credit India for Rs 554 Cr
YourStory
·
5m 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.
View Source
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.
View Source
Japan's SMFG infuses $350 mn into Indian NBFC arm via rights issue
VCCircle
·
7m ago
Medial
Sumitomo Mitsui Financial Group (SMFG) has invested $350 million in its Indian NBFC arm, SMFG India Credit, through a rights issue. This follows a previous infusion of $165 million in April this year. The capital infusion will help SMFG India Credit expand its operations and offer innovative financial solutions to its diverse customer base. SMFG acquired a 74.9% stake in SMFG India Credit (formerly Fullerton India Credit) in 2021 and plans to eventually acquire the remaining 25.1% stake. The company offers various lending services such as working capital loans, vehicle loans, home improvement loans, and personal loans.
View Source
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.
View Source
TVS Credit posts 20% growth in profit for second quarter
VCCircle
·
9m ago
Medial
TVS Credit, the non-banking financial arm of TVS Motor Company, has reported a 20% increase in profit for the second quarter of the fiscal year. The company's net profit reached INR 161 crore, driven by growth in assets under management which stood at INR 26,652 crore, a 13% rise year-on-year. TVS Credit attributes its strong growth to an increase in distribution reach, supported by consumption growth and improved penetration. The company has also taken steps to strengthen credit norms and expand product offerings. TVS Credit operates in 27 states with 44,000 touchpoints and 130 area offices.
View Source
Walmart to acquire Vizio TV maker in $2.3 billion deal
The Verge
·
1y ago
Medial
Walmart has announced its plans to acquire TV maker Vizio in a deal worth around $2.3 billion. The move is aimed at boosting Walmart's ad business and allowing it to connect with customers through innovative television and in-home entertainment experiences. Vizio currently has over 500 direct advertiser partnerships, and its smart TV operating system is used by more than 18 million active accounts. Walmart already has its own brand of TVs, but acquiring Vizio will help the retailer compete with affordable smart TVs from rivals such as Amazon and Roku. The acquisition is subject to regulatory clearance.
View Source
CCI clears Amazon Asia's 76% stake buy in Frontizo
YourStory
·
1y ago
Medial
The Competition Commission of India (CCI) has approved Amazon Asia-Pacific Holdings' acquisition of a 76% stake in Frontizo from Zodiac Wealth Advisors. Frontizo's subsidiary, Appario Retail, operates as a retail and wholesale business in India, offering products on the Amazon India Marketplace. The CCI has also cleared the acquisition of Appario's business by Clicktech Retail Pvt Ltd and the acquisition of a 1% shareholding by Haverl in New Trends Commerce Pvt Ltd. Additionally, the CCI has approved Sanlam Emerging Markets' proposal to acquire a 16.12% stake each in Shriram LI Holdings and Shriram GI Holdings.
View Source
Banks lure customers with lower interest rates on home loans
Money Control
·
1y ago
Medial
Banks in India, including HDFC Bank, State Bank of India (SBI), and IDFC First Bank, are offering lower interest rates on home loans for customers with good credit records. These banks are aiming to attract more customers and compete in the mortgage market. Home loans at discounted rates are being provided by banks to customers with good repayment history and credit scores. This strategy is proving successful, as SBI's home loan portfolio grew by 13.16% in the October-December quarter, and HDFC Bank's market share in home loans increased by 18-20% after merging with Housing Finance Development Corporation.
View Source
Fairfax to buy 10% more in Bangalore International Airport
VCCircle
·
7m ago
Medial
Canadian firm Fairfax India Holdings Corp, through its subsidiary Anchorage Infrastructure Investments Holdings, is set to acquire an additional 10% stake in Bangalore International Airport Ltd (BIAL) for $255m. Fairfax already owns a controlling 64% interest in the airport operator and the latest acquisition will increase its stake to 74%. The stake will be acquired from Germany's Siemens Project Ventures and the proceeds will be used to further develop the airport's infrastructure, according to BIAL's CEO.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cdn.vox-cdn.com/uploads/chorus_asset/file/24758290/lasso.jpg)
