TVS Motor Company has raised Rs 125 crore through allotment of 12,500 Listed, Rated, Unsecured, Redeemable, Floating rate, Non-Convertible Debentures (NCDs) having face value of Rs 1 lakh each on private placement basis. The Administrative Committee, as authorized by the Board of Directors of the Company at its meeting held on March 14, 2023 has approved the same. Date of maturity of the said NCDs will be on March 13, 2026.
TVS Motor Company is a reputed two and three-wheeler manufacturer.