TVS Holdings has received approval for acquisition of 80.74% of the issued, subscribed and paid-up share capital of Home Credit India Finance from Home Credit India B.V., an entity based in Netherlands and Home Credit International A.S., an entity based in Czech Republic (Proposed Acquisition) and approved the same under sub-section (1) of Section 31 of the Competition Act, 2002. The Competition Commission of India (CCI) at its meeting held on September 24, 2024 has considered and approved the same. The Proposed Acquisition remains subject to the approval by the Reserve Bank of India.
TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.
