TVS Motor Company Limited — Updates, 12-08-2025: Scheme of Arrangement
12-08-2025 | 07:18 pm
12-08-2025 | 07:18 pm
TVS Motor Company has received the sanction order from the National Company Law Tribunal for its Scheme of Arrangement, which is now effective. As a result, the company will issue 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) as a bonus to shareholders. A Record Date of August 25 has been set to determine eligible shareholders. For every existing equity share held, investors will receive 4 fully paid bonus NCRPS, each with a face value of INR 10. This corporate action means shareholders will gain additional preference shares based on their current holdings.
No comments yet. Be the first to comment!
