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.
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