TVS to acquire a 80.7% stake in business in India from Home Credit.

TVS, an Indian conglomerate, agreed to acquire a 80.7% stake in business in India from Home Credit, a non-bank financial institution. “Home Credit India is a longstanding member of the Home Credit family. Since launching in the market over a decade ago, we have served millions of Indian customers and empowered local consumers with our innovative and responsible financial products. In addition, we have engaged millions of Indians nationwide to help improve their financial literacy," Radek Pluhar, Home Credit Group CEO.