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The latest update is out from TVS Holdings Limited ( (IN:TVSHLTD) ).
TVS Holdings Limited announced that CARE Ratings Limited has reaffirmed its credit rating for non-convertible debentures at CARE AA+/Stable. This rating reflects the company’s strong financial flexibility and healthy capital structure, bolstered by its substantial stake in TVS Motor Company and recent acquisition of Home Credit India Finance Private Limited. The reaffirmation underscores TVSHL’s strategic positioning in the financial services sector and its commitment to maintaining robust investment coverage and leverage levels. The company is also planning a Scheme of Arrangement to issue non-convertible redeemable preference shares, subject to necessary approvals, which aligns with its financial strategies and market positioning.
More about TVS Holdings Limited
TVS Holdings Limited, formerly known as Sundaram-Clayton Limited, is a core investment company with diversified business investments across sectors. It serves as the holding entity for TVS Motor Company Limited, a flagship entity with a strong credit profile. The company has wound up its automotive spare parts trading business and focuses on financial services, digital ventures, and international holdings.
Average Trading Volume: 547
Technical Sentiment Signal: Buy
Current Market Cap: 293.3B INR
For an in-depth examination of TVSHLTD stock, go to TipRanks’ Overview page.