TVS Motor board to mull fund raising on 28th July

Image
Capital Market
Last Updated : Jul 16 2022 | 9:17 AM IST

The two-wheeler maker is planning to raise funds via non-convertible redeemable debentures.

The board of TVS Motor Company will meet on Thursday, 28 July 2022, to consider raising funds through issue of non-convertible redeemable debentures on a private placement basis, in one or more tranches/series, within the borrowing.

The board will also consider the firm's Q1 results on 28 July 2022.

TVS Motor Company is a two and three-wheeler manufacturer, with four manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia.

The company reported a 5.1% decline in standalone net profit to Rs 274.50 crore in the quarter ended March 2022 as against Rs 289.24 crore in quarter ended March 2021. Revenue from operation stood at Rs 5,530.31 crore in Q4 FY22 as against Rs 5321.93 crore in Q4 FY21, registering a growth of 3.9%.

Shares of TVS Motor jumped 4.15% to end at Rs 872.05 on Friday, 15 July 2022.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 16 2022 | 9:06 AM IST

Next Story