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 |
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