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TVS Holdings receives RBI approval for acquisition and change in management of Home Credit India Finance

- appointment of K Gopala Desikan as Non-Executive Director and B Sriram and Dr. Deepali Pant Joshi as Independent Directors of Home Credit. Disclaimer: No Business Standard Journalist was involved in creation of this content
TVS Holdings has received approval from the Reserve Bank of India (RBI) for the acquisition and change in management of Home Credit India Finance. This approval allows TVS Holdings to proceed with its acquisition plans, marking a significant step in its expansion strategy within the financial services sector. The acquisition is part of a broader trend where Indian conglomerates are increasingly investing in financial services to diversify their portfolios and leverage the growing consumer credit market in India. The deal, once completed, will enable TVS Holdings to enhance its presence in the consumer finance space, potentially integrating Home Credit's extensive network and expertise in consumer lending.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/markets/capital-market-news/tvs-holdings-receives-rbi-approval-for-acquisition-and-change-in-management-of-home-credit-india-finance-124113000371_1.html ]