TVS Holdings moves up on raising Rs 650 crore through NCDs
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TVS Holdings is currently trading at Rs. 12005.95, up by 36.45 points or 0.30% from its previous closing of Rs. 11969.50 on the BSE.
The scrip opened at Rs. 11990.50 and has touched a high and low of Rs. 12646.50 and Rs. 11917.80 respectively. So far 610 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 12,646.50 on 07-Jun-2024 and a 52 week low of Rs. 4317.20 on 07-Jun-2023.
Last one week high and low of the scrip stood at Rs. 12646.50 and R s. 10155.65 respectively. The current market cap of the company is Rs. 24290.56 crore.
The promoters holding in the company stood at 74.45%, while Institutions and Non-Institutions held 13.51% and 12.04% respectively.
TVS Holdings has raised Rs 650 crore through the allotment of 65,000 Senior, Rated, Unsecured, Listed, Redeemable and Non-Convertible Debentures (NCDs) of the face value of Rs 1 lakh each, on private placement basis to the identified investors. The Board of Director of the company in its meeting held on June 7, 2024, has approved the same.
TVS Holdings (Formerly known as Sundaram-Clayton) manufactures non-ferrous gravity and pressure die castings.
