If approved, the issue of bonus preferences would mark a step for capital restructuring for the Holding Company of TVS Group, which has interests with two -wheelers, automatic components and financial services.
In contrast to shares shares, cumulative non-convertible repayment preferences are not voting rights, but rights holders are entitled to fixed dividends that accumulate if they are not paid and can be replaced at a later date.
Such an issue can, if implemented, help with rewarding existing shareholders and at the same time strengthen the capital structure of the company.
The decision to opt for preference shares instead of equity also suggests the intention of the company to balance investing investors in maintaining the control and the stock of stock.
TVS Holdings, with headquarters in Chennai’s Nungambakkam, has undergone important transformations in recent years, including the Rebranding from Sundaram-Clayton to TV holdings. The company acts as the larger TV group, which has expanded its footprint with tweet wheels, TVs TV-hollers, TV-Hollers, TV-Hollers, TV-Hollers, TV-Hollers, TV-Hollers, TV in two-wheeler, TV. Production, electric vehicle initiatives and global activities. The company offers strategic directions to the wider ecosystem of TVS and at the same time balanced the value creation of the shareholder value with sustainable business growth.
The upcoming board meeting will provide clarity about the ratio of bonus preferences, the dividend terms and timelines for repayment.
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