TVS Holdings has received approval of Reserve Bank of India (RBI) for the proposed direct change in control of Home Credit India Finance and consequent change in Board of Directors:- change in shareholding/control by way of transfer of 80.74%, 10.79% and 8.47% equity shares of Home Credit to TVS Holdings, PI Opportunities Fund II and STPL Trading and Services respectively; and - appointment of K Gopala Desikan as Non-Executive Director and B Sriram and Dr. Deepali Pant Joshi as Independent Directors of Home Credit. Powered by Capital Market - Live News

TVS Holdings announced that CARE Ratings has assigned the rating CARE AA+; Stable for the company`s proposed non-convertible debentures of Rs 750 crore. Powered by Capital Market - Live News

Net profit of TVS Holdings rose 22.09% to Rs 278.27 crore in the quarter ended September 2024 as against Rs 227.92 crore during the previous quarter ended September 2023. Sales rose 8.64% to Rs 11228.49 crore in the quarter ended September 2024 as against Rs 10335.74 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11228.4910335.74 9 OPM %14.9314.35 - PBDT1162.14979.22 19 PBT901.37727.68 24 NP278.27227.92 22 Powered by Capital Market - Live News

Net profit of TVS Holdings declined 85.01% to Rs 12.44 crore in the quarter ended September 2024 as against Rs 82.98 crore during the previous quarter ended September 2023. Sales declined 88.26% to Rs 56.54 crore in the quarter ended September 2024 as against Rs 481.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales56.54481.40 -88 OPM %55.3428.60 - PBDT16.79109.62 -85 PBT16.1798.38 -84 NP12.4482.98 -85 Powered by Capital Market - Live News

The Board of TVS Holdings will meet on 23 October 2024 to consider and approve the raising of funds by way of issuance of Non-Convertible Debentures on a private placement basis in one or more tranches/series, over a period of time. Powered by Capital Market - Live News