Loan & Debt10 Aug 2026, 04:26 pm
TVS Motor Allots ₹1000 Cr Non-Convertible Debentures
AI Summary
TVS Motor Company Ltd has successfully completed the private placement allotment of 1,00,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures (NCDs) aggregating ₹1000 Crores. The NCDs have a face value of ₹1 Lakh each and were issued at a premium of ₹14 Lakhs in total. The Administrative Committee of Directors approved the allotment on August 10, 2026. These NCDs carry a coupon rate of 7.28% per annum and have a tenure of 39 months, with maturity on November 10, 2029. The issuance was conducted through the NSE EBP Platform.
Key Highlights
- TVS Motor raised ₹1000 Crores via NCD private placement.
- 1,00,000 NCDs allotted with a 7.28% annual coupon.
- Debentures have a 39-month tenure, maturing in November 2029.
- Allotment completed through NSE EBP Platform.
- Issue is Senior, Rated, Unsecured, Listed, and Redeemable.
Price Impact
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