Announced Thu, 27 Aug, 2026 · 15:16 IST
NCLT approves TVS Holdings bonus preference share scheme
TVSHLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹13526.00
prior close
₹13450.00
base price
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AI summary
The Chennai NCLT has sanctioned TVS Holdings' plan to issue 46 fully paid 6 percent cumulative non-convertible redeemable preference shares of Rs 10 each for every equity share held on the record date. The shares are planned for exchange listing and redemption at Rs 10 after 15 months, with optional redemption after 12 months. The company received the certified order on 27 August 2026 and must complete the remaining filings.
Likely market impact
Eligible holders receive 46 listed preference shares per equity share, carrying a 6 percent cumulative dividend; completion still depends on final filings.