TVS Holdings Limited Allots Debentures Through NSE EBP Platform
TVS Holdings Limited announced today, March 24, 2026, the allotment of 65,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures (NCDs) following a successful bidding process on the NSE Electronic Bidding Platform (NSE EBP). The identified investors subscribed for a total amount of Rs. 650,00,00,000 (Rupees Six Hundred and Fifty Crores).The NCDs have a face value of INR 1,00,000 each. The allotment was approved via circular resolution by the Asset Liability Management Committee of Directors.
Key details of the NCDs are outlined below:
| Particulars | Details |
|---|---|
| Type of Securities | Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures |
| Issuance Type | Private Placement |
| Total Number of Securities | 65,000 |
| Size of the Issue | Rs. 650,00,00,000 (Rupees Six Hundred and Fifty Crores) |
| Stock Exchange Listing | National Stock Exchange of India Limited |
| Tenure | 39 Months |
| Allotment Date | March 24, 2026 |
| Maturity Date | June 24, 2029 |
| Coupon / Interest Rate | 8.10% per annum, payable annually |
| Coupon Payment Schedule | June 24, 2026, June 24, 2027, June 24, 2028, June 24, 2029; Principal Redemption on June 24, 2029 |
| Security / Charge Created | Not Applicable |
| Default Penalty | 2% per annum on the outstanding principal amount |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.