Home Credit India Finance Private Limited, TVS Housing Finance Private Limited, STPL Trading and Services Private Limited, and TVS Credit Services Limited have executed a Composite Scheme of Amalgamation amongst themselves and their respective shareholders, for consolidation of their financial services businesses.

The Composite Scheem of Amalgamation was executed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

Khaitan & Co advised Home Credit India Finance, TVS Housing Finance, STPL Trading and Services, and TVS Credit Services on this consolidation.

The transaction team consisted of Mehul Shah (Partner), Jamsheed Dadachanji (Principal Associate), Kashvi Shetty (Associate) and Aditi Swapnil Rathi (Associate). The following provided assistance:

RBI related aspects: Moin Ladha (Partner), Charu Singh (Principal Associate) and Shrudula S Murthy (Associate);

Competition law related aspects: Anshuman Sakle (Partner), Soham Banerjee (Counsel) and Armaan Gupta (Principal Associate).

The amalgamation aims to simplify TVS Group’s corporate structure by consolidating assets and liabilities, creating operational efficiencies, and fostering long-term sustainable growth.

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