TVS Motor Company has successfully completed the issuance of 1,00,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures (NCDs). The aggregate amount raised through this private placement is ₹1,000 crore (Rupees One Thousand Crores Only), with an additional premium of ₹14 lakh. The allotment was approved by the Administrative Committee of Directors on August 10, 2026, following a successful bid at the NSE EBP Platform.
TVS Motor Completes ₹1,000 Crore NCD Issuance
TVS Motor Company announced the successful completion of its Non-Convertible Debenture (NCD) issuance. The company has allotted 1,00,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures. Each debenture has a face value of ₹1 Lakh, totaling an aggregate issuance amount of ₹1,000,00,00,000 (Rupees One Thousand Crores Only).
Details of the Issuance
In addition to the face value, the issuance also included a premium of ₹14,00,000 (Rupees Fourteen Lakhs only). This issuance was approved by the Administrative Committee of Directors via a circular resolution on August 10, 2026. The successful bidding process took place on the NSE EBP Platform, adhering to the prescribed operational guidelines.
Instrument Terms
The NCDs have a tenure of 39 months, with the allotment date being August 10, 2026, and the maturity date set for November 10, 2029. The coupon interest offered is 7.28% per annum. Coupon payments are scheduled semi-annually, with the final coupon payment and principal redemption due on November 10, 2029. The debentures are proposed to be listed on the National Stock Exchange of India Limited.
Source: BSE
