TVS Motor Company Limited announced that its subsidiaries, TVS Credit Services Limited and TVS Housing Finance Private Limited, have received board approval for a composite scheme of amalgamation involving STPL Trading and Services Private Limited and Home Credit India Finance Private Limited. The scheme, which is subject to regulatory approvals including from the Reserve Bank of India and the Competition Commission of India, aims to simplify the group structure and consolidate assets and liabilities, with Home Credit India Finance Private Limited issuing shares to shareholders of STPL Trading and Services Private Limited and TVS Housing Finance Private Limited, and TVS Credit Services Limited issuing shares to shareholders of Home Credit India Finance Private Limited, based on exchange ratios determined by Bansi S Mehta Valuers LLP.