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₹500 crore by issuing NCDs

city Mumbai county Norton president pandemic guidelines information
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The company is expected to infuse additional funds in Norton, which it acquired recently, to mobilize operations and expand the workforce in the short to medium term Mumbai: The board of directors of TVS Motor Company Ltd, in a meeting held earlier today, approved the issuance of non-convertible debentures or NCDs aggregating up to ₹500 crore on a private placement basis, the company said in a regulatory filing.

Analysts suggest that the vehicle manufacturers have been lately raising money via issuing debentures to ensure ample liquidity is maintained during the ongoing pandemic.

Tata Motors Ltd and Mahindra & Mahindra Ltd have approved raising ₹1,000 crore each by issuing NCDs. Among the auto ancillary companies, Motherson Sumi Systems

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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