TVS Motor Company gains on raising Rs 125 crore through NCDs
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TVS Motor Company is currently trading at Rs. 1049.55, up by 5.10 points or 0.49% from its previous closing of Rs. 1044.45 on the BSE.
The scrip opened at Rs. 1050.00 and has touched a high and low of Rs. 1056.25 and Rs. 1045.55 respectively. So far 2701 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1177.00 on 19-Oct-2022 and a 52 week low of Rs. 586.80 on 15-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1111.15 and Rs. 1037.80 respectively. The current market cap of the company is Rs. 49912.65 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.30% and 8.43% respectively.
TVS Motor Company has raised Rs 125 crore through allotment of 12,500 Listed, Rated, Unsecured, Redeemable, Floating rate, Non-Convertible Debentures (NCDs) having face value of Rs 1 lakh each on private placement basis. The Administrative Committee, as authorized by the Board of Directors of the Company at its meeting held on March 14, 2023 has approved the same. Date of maturity of the said NCDs will be on March 13, 2026.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
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