TVS Motor Co board OKs issuance of NCDs worth Rs 500 crore

The instruments have a tenor of 36 months and their date of maturity is 17th July 2029. The NCDs bear a coupon rate of 7.30% per annum payable annually.

Any delay or default in the payment of either the interest or the principal amount for a period of more than three months from the due date would result in a penalty of 2% per annum on the outstanding principal amount of the debentures over and above the coupon rate.

TVS Motor Company is a reputed global manufacturer of two-wheelers and three-wheelers, with four manufacturing facilities located in India and Indonesia.

The company had reported 19.03% jump in consolidated net profit to Rs 771.52 crore on 30.42% increase in revenue from operations to Rs 15,025.73 crore in Q4 FY26 over Q4 FY25.

The scrip shed 0.13% to currently trade at Rs 3586.50 on the BSE.

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