TVS Credit Services Ltd. on Friday introduced that it has efficiently raised equity capital of ₹480 crore from Premji Invest.
As a part of the deal, Premji Invest will purchase a 9.7% equity stake in TVS Credit for ₹737 crore, through a mix of major and secondary funding, TVS Credit mentioned in a press release.
The major capital might be utilised to additional strengthen TVS Credit’s efforts in increasing its buyer base in new markets, growing the channel accomplice community, and advancing its digitisation journey.
