TVS Holdings raises Rs 650 crore via NCDs
The NCDs are listed on the National Stock Exchange of India
TVS Holdings has raised Rs 650 crore through the allotment of 65,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 1 lakh each on private placement basis to the identified investors. These NCDs carry an 8.10% interest rate payable annually, with maturity scheduled for June 24, 2029. The NCDs are listed on the National Stock Exchange of India (NSE).
TVS Holdings, formerly known as Sundaram-Clayton, is an Indian automotive components company, based in Chennai. Part of the TVS Group, it makes aluminium and magnesium castings for the automotive industry.
