TVS Motor allots Rs 1000 Cr NCDs at 7.28 percent via private placement

Fund Raising View source PDF Explain this filing

TVSMOTOR · price

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

-1.3%Reaction day

₹4466.20

prior close

₹4460.00

announcement price

After-mkt

timing

Nifty 100market-0.4%-0.9% vs market

2/3 Wheelers peers, median of 7sector+0.7%-2.0% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty 100 and 2.0 pts less than its 2/3 Wheelers 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

Stock

-0.7

10m

-0.7

15m

-0.5

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-0.4-0.9+0.7-2.0

Next day

-2.6-0.5-2.1+0.6-3.2

-2.8-0.6-2.1+0.6-3.4

-3.6-0.8-2.8+0.2-3.8

-1.8-1.1-0.7-0.1-1.7

-2.4-1.5-0.9-0.6-1.9

-1.9-1.3-0.6-0.8-1.1

15d

-5.9-2.2-3.7+2.9-8.8

-7.6-4.6-3.0-2.1-5.6

-11.8-8.9-2.8-10.7-1.0

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UpDownMarket · Nifty 100Sector · 2/3 Wheelers peers, median of 7Pending

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

AI summary

TVS Motor Company allotted 1,00,000 Senior, Rated, Unsecured, Listed, Redeemable Non-Convertible Debentures of Rs 1 lakh face value each, aggregating Rs 1,000 crore, through private placement on the NSE EBP platform. The NCDs carry a coupon of 7.28 percent per annum, have a 39-month tenure maturing on 10th November 2029, and are listed on NSE.

Likely market impact

Company raises Rs 1000 Cr debt at 7.28% cost. No equity dilution; interest expense will marginally affect earnings.