TVS Motor to raise up to Rs 500 cr via issue of securities

TVS Motor Company on Tuesday said it will raise up to Rs 500 crore through issue of securities on a private placement basis.

The company's board which met on Tuesday, has approved the issuance of non-convertible debentures, aggregating up to Rs 500 crore on a private placement basis, TVS Motor Company said in a regulatory filing.

The two-wheeler major, however, did not disclose the reasons for raising the capital.