NCLT sanctions TVS Holdings bonus preference share scheme 46 to 1

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

TVSHLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹13526.00

prior close

₹13450.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-0.3% vs market

Investment Company peers, median of 62sector-0.1%-0.5% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.5 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-0.6-0.2-0.3-0.1-0.5

Next day

-0.8+0.1-0.9+0.0-0.8

-2.2+0.4-2.6-0.9-1.3

-2.0-0.6-1.4-1.3-0.7

-3.4-1.2-2.2-1.5-2.0

-2.8-0.6-2.2-0.6-2.2

+1.3+0.5+0.8-1.5+2.8

15d

-5.0-0.2-4.8-2.1-2.9

-8.7-1.5-7.2-4.9-3.8

-14.8-8.0-6.8-11.5-3.3

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UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 62Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TVS Holdings has received NCLT Chennai approval for its scheme to issue 6 percent cumulative non-convertible redeemable preference shares as bonus to equity shareholders at 46 to 1 ratio (46 shares of INR 10 each per 1 equity share of INR 5). Tenure is 15 months, redeemable at face value, listed on BSE and NSE. Move aims to distribute surplus reserves to shareholders. Record date to be fixed.

Likely market impact

Shareholders get listed bonus preference shares paying 6 percent annually; redemption in 15 months returns surplus cash to investors.