TVS Motor Company Limited has informed the Exchange about receipt of listing and trading approval from National Stock Exchange of India Limited and BSE Limited for listing and trading of 190,03,48,456 6% Cumulative Non-Convertible Redeemable Preference Shares ( NCRPS ) of INR 10 each bearing dist. nos 1 to 1900348456 issued by the Company pursuant to Scheme of Arrangement between the Company and its shareholders sanctioned by the Hon'ble National Company Law Tribunal, Chennai Bench ("Scheme")
TVSMOTOR · price
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TVS Motor has received approval from both NSE and BSE to list and trade 190,03,48,456 (about 190 crore) 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) of face value Rs 10 each, issued under a Scheme of Arrangement between the company and its shareholders that was sanctioned by the NCLT Chennai Bench. The total value of these preference shares is roughly Rs 1,900 crore, and they were allotted on 1 September 2025. These NCRPS will start trading on both stock exchanges from 10 March 2026 under the symbol TVSMNCRPS (NSE) / Scrip Code 717506 (BSE) with ISIN INE494B04019. Since these are redeemable preference shares carrying a fixed 6% cumulative dividend, they are different from regular equity shares and have a fixed redemption date in the future.
Existing equity shareholders who received these NCRPS as part of the earlier Scheme of Arrangement will now be able to sell them on the stock exchange, providing liquidity for what was previously a non-tradable instrument. The fixed 6% dividend and redeemable nature mean NCRPS holders have a predictable income stream but limited upside compared to equity shareholders.