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BusinessDalal Street Investment Journal

Two-Wheeler Major Raises Rs 500 Crore Through NCDs via Private Placement; DII Stake Increases

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  1. TVS Motor Company allotted 50,000 non-convertible debentures worth Rs 500 crore via private placement at a coupon rate of 7.30% per annum.

  2. The NCDs have a face value of Rs 1 lakh each, are unsecured, and will be listed on the National Stock Exchange of India.

  3. The debentures have a tenure of 36 months, maturing on July 17, 2029.

  4. Domestic Institutional Investors increased their holding in TVS Motor to 21.13% in the June 2026 quarter from 18.84% in the March 2026 quarter.

  5. Interest is payable annually, and a default penalty of an additional 2% per annum applies after a cure period.

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Two-Wheeler Major Raises Rs 500 Crore Through NCDs via Private Placement; DII Stake Increases · in5points