TVS Motor to raise ₹500 crore via securities

TVS Motor to raise ₹500 crore via securities

TVS Motor Company Ltd. announced that it would raise up to ₹500 crore through issue of securities on a private placement basis. The company’s board, which met on Tuesday, approved the issuance of non-convertible debentures aggregating up to ₹500 crore on a private placement basis, the company said in a regulatory filing. The firm did not disclose the reasons for raising the capital. Recently, the company had acquired U.K.-based sporting motorcycle firm Norton in a £16 million all cash deal .

A letter from the Editor

Dear reader,

We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.

Support Quality Journalism
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Jun 1, 2020 9:11:26 AM |

Next Story