| TVS Motor Company Limited announced that its Administrative Committee of Directors approved the allotment of 100,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures with a face value of Rs 100,000 each, for an aggregate amount of Rs 1000,00,00,000 along with a premium of Rs 14,00,000, through the National Stock Exchange (NSE) Electronic Bidding Platform. The debentures, with a tenure of 39 months, will mature on November 10, 2029, and offer a coupon rate of 7.28% per annum. |