TVS Motor Redeems ₹1900 Cr Preference Shares

TVS Motor Company Ltd has successfully redeemed 190,03,48,456 cumulative non-convertible redeemable preference shares (NCRPS) with a face value of Rs. 10 each. The redemption, which included a coupon payment of 6% per annum, was completed on September 1, 2026, as per the terms of maturity. This action results in the full extinguishment of these preference shares, with no outstanding amounts remaining. The total redemption amount paid was Rs. 1900,34,84,560, with a coupon payment of Rs. 114,02,09,074.