Announced Mon, 20 Jul · 22:33 IST
TVS Motor allots Rs 500 crore NCDs via private placement at 7.30 percent coupon
Fund Raising View source PDF
TVSMOTOR · price
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Price reaction · full curve 14 horizons · vs prior close
+9.1%1-day move
₹3588.00
prior close
₹3590.20
base price
After-mkt
timing
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+0.2-0.2+0.1+0.2+9.1+9.2+7.9+8.2——————
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AI summary
TVS Motor Company has allotted 50,000 senior, rated, unsecured, listed, redeemable, non-convertible debentures (NCDs) on a private placement basis, raising Rs 500 crore in total. Each NCD has a face value of Rs 1 lakh. The NCDs carry a coupon of 7.30 percent per annum, payable annually, with a 36-month tenure maturing on 17 July 2029. The securities are listed on NSE and were allotted on 17 July 2026. No security or charge has been created on assets.
Likely market impact
The Rs 500 crore NCD raise adds to company debt without equity dilution. 7.30 percent coupon over 3 years is modest. Unsecured status reflects strong credit profile.