TVS Holdings Limited has informed the Exchange regarding allotment of 65000 Non Convertible Debentures through Circular Resolution on March 24, 2026
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TVS Holdings Limited has allotted 65,000 Senior, Rated, Unsecured, Listed, Redeemable Non-Convertible Debentures (NCDs) on 24th March 2026, with a face value of Rs. 1 Lakh each, totalling Rs. 650 Crores. The NCDs were placed privately through the NSE Electronic Bidding Platform (EBP) and approved by the Asset Liability Management Committee via circular resolution. The instruments carry an 8.10% per annum coupon (payable annually) and have a tenure of 39 months, maturing on 24th June 2029. The debentures will be listed on the NSE, with the first coupon payment due on 24th June 2026.
This is a pure debt raise of Rs. 650 Crores with no equity dilution, as the NCDs are non-convertible. The 8.10% coupon will add to interest expenses, but the move diversifies funding without affecting shareholder ownership. For stock price, the impact is likely neutral as this is a routine debt market borrowing.