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TVS Srichakra announces conversion of OCDs into shares of TVS Srichakra Investments

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TVS Srichakra announced that the company's holding of 3,45,900 unsecured optionally convertible debentures of Rs 1000 each of TVS Srichakra Investments, wholly owned subsidiary of the company, are being converted into 40,42,092 shares of Rs 122.69 each (Rs 10 face value and Rs 112.69 as securities premium), in two tranches i.e. 07 January 2021 and 15 February 2021.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, January 09 2021. 14:28 IST