TVS Holdings gains after unit signs $100 mln deal to acquire Varthana Finance
16/07/2026 06:30
BUZZ-TVS Holdings gains after unit signs $100 mln deal to acquire Varthana Finance ** Shares of TVS Holdings TVSH.NS rise 2.3% to 14,319 rupees
** TVS Group holding co says unit Home Credit India Finance will acquire non-banking finance company Varthana Finance for about 9.67 billion rupees ($100.37 million)
** Adds Varthana Finance will become a step-down wholly owned subsidiary of TVS Holdings after the deal closes
** Stock up 3.9% YTD
($1 = 96.3425 Indian rupees)
(Reporting by Payel Das in Bengaluru)
Recent news on TVS Holdings
See all newsBrief: TVS Holdings Sept-Quarter Consol Net Profit 6.35 Billion Rupees
India's Emmvee Photovoltaic Power surges after record quarterly results
TVS Holdings gains after unit signs $100 mln deal to acquire Varthana Finance
Brief: TVS Holdings March-Quarter Consol Net Profit 4.24 Billion Rupees
Brief: TVS Holdings To Consider Raising Of Funds Through NCDs Upto 12.50 Billion Rupees