TVS Motor Company has said that it has been allotted an additional 29,11,235 equity shares of Rs.10 each in TVS Credit.
The aggregate cost of the investment is Rs 171.51 crore.
TVS Credit is a non-deposit taking non-banking finance company. The company is primarily engaged in financing of two-wheelers, tractors (new/used), used cars, consumer durables, used commercial vehicles and MSME loans,
During the period ended 31st March 2025, TVSCS generated a turnover of Rs 6,626.10 crore with PAT (profit after tax) of Rs 767.25 crore and a net worth of Rs 4,947.92 crore.
The additional investment is made towards improving its capital adequacy ratio and towards such other general corporate matters of TVSCS.
