Description
BSE circular regarding scheme of arrangement for bonus issue of non-convertible preference shares by TVS Motor Company Limited (Scrip Code: 532343 & 132343)
Summary
BSE has issued a circular regarding the scheme of arrangement involving bonus issue of non-convertible preference shares by TVS Motor Company Limited. The company trades under scrip codes 532343 & 132343.
Key Points
- Scheme of arrangement approved for TVS Motor Company Limited
- Involves bonus issue of non-convertible preference shares
- Company operates under dual scrip codes: 532343 & 132343
- Corporate action requiring regulatory approval and disclosure
Regulatory Changes
Implementation of approved scheme of arrangement as per regulatory requirements.
Compliance Requirements
Shareholders and market participants must be informed of the scheme implementation and its impact on shareholding structure.
Important Dates
Specific dates for implementation would be detailed in the full circular document.
Impact Assessment
The bonus issue of non-convertible preference shares will alter the company’s capital structure and may affect existing shareholders’ rights and holdings. Market participants should review the complete scheme details for investment decisions.
Impact Justification
Corporate restructuring affecting shareholders through bonus preference share issuance