Business

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 .

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Printable version | Jun 1, 2020 9:11:26 AM | https://www.thehindu.com/business/tvs-motor-to-raise-500-crore-via-securities/article31457336.ece

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