TVS Holdings Limited
Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings.Sundaram Clayton manufactures non-ferrous gravity and pressure die castings.
What TVS files
- Others129
- Important32
- Board Meeting20
- JV/Acquisition10
- Dividend/Bonus9
- Credit Ratings6
TVS Holdings Limited has allotted 93,06,76,784 bonus 6% cumulative non-convertible redeemable preference shares (NCRPS) of face value INR 10 each, offering 46 NCRPS for every 1 equity share held. These preference shares carry a 6% annual coupon and will mature in fifteen months, with an early redemption option available after...
TVS Holdings has allotted 93,06,76,784 bonus 6% cumulative non-convertible redeemable preference shares (INR 10 face value) to existing equity shareholders in a 4:1 ratio. This corporate action rewards loyal equity investors with fixed-income preference shares maturing in fifteen months.
TVS Holdings' Non-Convertible Redeemable Preference Shares (₹930.68 Cr) were assigned CARE AA+; Stable by CARE Ratings. The rating agency also reaffirmed the company's Non-Convertible Debentures (total ₹950 Cr) at CARE AA+; Stable, citing strong operational and financial performance.
TVS Holdings' Scheme is effective, issuing 46 bonus 6% cumulative non-convertible redeemable preference shares of INR 10 each for every 1 equity share of INR 5. A record date is set to determine eligible shareholders for this bonus share entitlement.