TVS Holdings Ltd Allots 65,000 Non-Convertible Debentures Worth INR 650 Crores

TVS Holdings Ltd, formerly known as Sundaram-Clayton Limited, has allotted 65,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures (NCDs) of the face value of INR 1 Lakh each. The total subscription amount is INR 650,00,00,000 (Rupees Six Hundred and Fifty Crores). The NCDs have been allotted pursuant to the successful bidding at the NSE EBP Platform. The tenure of the instrument is 39 months, with the first coupon payment date set for 24th June 2026 and the principal redemption date on 24th June 2029. The NCDs offer a coupon rate of 8.10% per annum, payable annually.