TVS Motor to redeem 6% preference shares

TVS Motor Company Ltd has announced the redemption of its 6% Cumulative Non-Convertible Redeemable Preference Shares (NCRPS). The company informed the BSE about the development in a regulatory filing.

The redemption is part of the company's capital restructuring plans. Shareholders holding these preference shares will receive the face value along with any accrued dividends as per the terms of issue.

The company has not disclosed the total amount to be paid out. The redemption date will be communicated separately to shareholders.