TVS Holdings Ltd

📈 TVS Holdings Raises ₹650 Crore Through NCDs at 8.10% Coupon Rate

- Allotted 65,000 Senior, Unsecured, Non-Convertible Debentures (NCDs)

- Each NCD has a face value of ₹1 lakh

- Total subscription amount: ₹650 crores

- Tenure: 39 months (matures June 24, 2029)

- Annual coupon rate: 8.10%

- Coupon payments scheduled annually on June 24th

- Listed on National Stock Exchange of India

- Late payment penalty: 2% per annum if payments delayed beyond 3 months