The Board of TVS Motor Company along with Q2FY27 results, announced the demerger of its consumer finance and related business undertaking into a separate holding company, Harita ARC Ltd.
- Announcement is in continuation of what was announced in FY 26 AGM.
- Shareholders of TVS Motor will receive an equal number of shares in the demerged Company.
- The turnover of Consumer finance business was Rs 3,921 cr during H1FY27, out of the company’s total turnover of Rs 35,770 cr.
The actual demerger will take time to comply with the regulatory defined process.