Announced Wed, 9 Sept · 19:13 IST
TVS Holdings allots bonus preference shares 46:1 under restructuring 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
₹13090.00
prior close
₹13119.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.2+0.4+0.3-0.8-4.5-2.6-0.7-1.8—————
Up moveDown movePending
AI summary
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.
Likely market impact
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.