- TVS Motor Company NCD allotment raises Rs 1,000 crore.
- The debentures carry 7.28% coupon for 39 months.
TVS Motor Company Limited has completed the TVS Motor Company NCD allotment to raise Rs 1,000 crore through a private placement. The latest fundraising follows the TVS board’s earlier evaluation of the fundraising plan and a separate Rs 500 Crore NCD offering completed during July. The latest issuance comprises senior, rated, unsecured and redeemable non-convertible debentures, with the allotment approved by the Administrative Committee of Directors on August 10, 2026.
TVS Motor Company NCD Issuance Details
| Issuance Detail | Details |
|---|---|
| Number of debentures | 1,00,000 |
| Face value | Rs 1,00,000 each |
| Total amount raised | Rs 1,000 crore |
| Coupon rate | 7.28% per annum |
| Tenure | 39 months |
| Maturity date | November 10, 2029 |
The issuance was executed following bidding on the NSE Electronic Bidding Platform and included an aggregate premium of Rs 14 lakh. The 1,00,000 debentures have a face value of Rs 1,00,000 each and carry a coupon rate of 7.28% per annum. The securities are senior, rated, unsecured, redeemable non-convertible debentures with a tenure of 39 months. Based on the approved terms, the instruments are scheduled to mature on November 10, 2029. The latest transaction follows the separate Rs 500 Crore NCD offering completed in July.
Frequently Asked Questions
How much has TVS Motor raised through the latest NCD issue?
The company has raised Rs 1,000 crore through the private placement of non-convertible debentures. The issuance comprises 1,00,000 seniors, rated, unsecured and redeemable debentures, each carrying a face value of Rs 1,00,000. The allotment was approved by the Administrative Committee of Directors on August 10, 2026, following bidding on the NSE Electronic Bidding Platform. The transaction also included an aggregate premium of Rs 14 lakh as part of the issuance terms.
What are the coupon rate and maturity details?
The debentures carry a coupon rate of 7.28% per annum and have a tenure of 39 months. According to the stated issuance terms, the securities are scheduled to mature on November 10, 2029. They are structured as senior, rated, unsecured and redeemable non-convertible debentures. The latest fundraising follows an earlier Rs 500 Crore NCD offering during July, after the board had evaluated the broader fundraising plan.
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