tvs motors allotted 50,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures (NCDs) for an aggregate amount of ₹500 crore on July 17, 2026. The issuance was conducted through a private placement on the NSE Electronic Bidding Platform following successful bidding by identified investors. The Administrative Committee of Directors approved the allotment via a circular resolution, authorizing the issuance of NCDs with a face value of ₹1 lakh each along with a premium of ₹85,000 per debenture.

The NCDs carry a coupon rate of 7.30% per annum, payable annually. The instruments have a tenure of 36 months and are set to mature on July 17, 2029. Interest payments are scheduled annually, with the first payment due on July 17, 2027, followed by subsequent payments on July 17, 2028, and July 17, 2029. The principal redemption will occur on the maturity date of July 17, 2029, subject to any early redemption provisions.

In the event of a delay in payment of interest or principal for more than three months from the due date, the company will pay an additional 2% per annum on the outstanding principal amount. This penalty is applicable over and above the standard coupon rate, calculated from the end of the cure period until the default is rectified. The debentures are unsecured, and no specific charge has been created over the assets of the company.

The securities will be listed on the National Stock Exchange of India Limited. The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no special rights, interests, or privileges attached to the instrument, nor are there any existing letters or comments regarding payment defaults.

Key Details of the Allotment

TVS Motor Company Ltd. recorded a notable block trade on the National Stock Exchange (NSE), with approximately 47,933 shares changing hands at a price of Rs. 3600.50 per share. The total value of the transaction amounted to Rs. 17.26 crores, highlighting significant institutional-level activity in the stock.

Block Trade Details

The following table summarizes the key parameters of the block trade executed on the NSE:

Block trades are large-volume transactions typically executed by institutional investors and are conducted separately from the open market to minimize price impact. The execution of such a trade in TVS Motor Company underscores continued interest from large market participants in the stock.