TVS Credit Service To Raise $150 Mn Through Share Sale


According to media reports, TVS Credit Service, the financing arm of TVS Motor, plans to raise approximately $150 million through a share sale, which may result in some of its existing investors combining their holdings.

The non-banking financial company is expected to be valued at around $800 million as a result of the share sale. TVS Motor owns 85 per cent of the company.

TVS Credit has hired Nomura Holdings’ Indian investment banking arm to handle the entire transaction.

According to media reports, the parent company of TVS credit and TVS motor is planning to raise $ 500-600 million as part of its electric push.

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