TVS Motor Company has received approval from Board of Directors to raise Rs 500 crore Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures (NCDs), 5000 NCDs of face value Rs 10,00,000 each on Private Placement of NCD.
TVS Motor Company is a leading two and three-wheeler manufacturer, and is the flagship company of the TVS Group.