TVS Holdings allots bonus preference shares 46:1 under restructuring scheme
TVSHLTD · price
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TVS Holdings has allotted about 93.07 crore Bonus 6 percent Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) at 46 NCRPS for every 1 equity share (face value INR 10 each). Issued under an NCLT-approved Scheme of Arrangement dated 18 August 2026 with record date 8 September 2026. NCRPS carry a 6 percent annual coupon, redeemable in 15 months from 9 September 2026, with optional early redemption after 12 months. Listing applied for on BSE and NSE.
Shareholders get 46 NCRPS per equity share at 6 percent coupon, redeemable in 15 months. Adds short-term income stream but introduces a new instrument.