Rs 8/Share Dividend Declared On March 11: Auto Co To Consider Bonus On March 20

Large cap auto sector company TVS Motor Company Ltd shares witnessed surge of 0.86% on BSE to settle at 2162.80 apiece. The company informed today that it has scheduled meeting of Board of Directors on March 20, 2024 to consider issuance of Cumulative Non-Convertible Redeemable Preference Shares by way of Bonus, to the shareholders of the Company.

Earlier, TVS Motor Company on March 11 declared an interim dividend of Rs 8/- per shares (800%) of Re 1/- each fully paid up. TVS Motor Company shares offered return of 107% in last 1-year and gained 48% in last 6-months. Check details below:

TVS Motor Company To Consider Bonus: As per regulatory filing of TVS Motor Company dated March 14, 2024, "A meeting of the Board of Directors of the Company is being convened on Wednesday, 20th March 2024, inter-alia, to consider the issuance of Cumulative Non-Convertible Redeemable Preference Shares by way of Bonus, to the shareholders of the Company."

TVS Motor Company Announces Update On Acquisition: The company issued a BSE filing today stating, "We refer to the disclosure made to the stock exchanges on 2nd February 2023 by TVS Motor Company Limited ("TVSM"), wherein TVSM had informed the stock exchanges of the investment made by TVS Motor (Singapore) Pte. Ltd. (a wholly-owned subsidiary of TVSM) in Ion Mobility Pte. Ltd., a body corporate incorporated under the laws of Singapore ("Ion Mobility")."

We would like to inform you that TVS Motor (Singapore) Pte. Ltd. has now subscribed to an additional 1,820,326 Series AA Shares of Ion Mobility on 14th March 2024 and thereby ION Mobility has become an Associate of TVS Motor (Singapore) Pte Limited as well as the Company, added the BSE filing.

TVS Motor Company Declares Dividend On March 11: The Board of Directors of the Company at its meeting held today, declared an interim dividend of Rs. 8/- per share (800%) on 47,50,87,114 equity shares of Re.1/- each fully paid up, absorbing a sum of Rs. 380 Cr, for the financial year ending 31st March 2024. The company fixed March 19 as the record date. Dividend payment will be made within a period of 30 days from the declaration of interim dividend.

TVS Motor Company Shares Performance & Return: The 52-week high price of TVS Motor Company share on BSE is Rs 2313.90 per share and 52-week low price is Rs 1019.90 per share, respectively. The company has a market capitalisation of Rs 1,02,751.84 crore. TVS Motor Company has a PE of 51.18 and ROE of 28.55. TVS Motor Company shares gained 265% in last 2-years and soared 269% in last 3-years. TVS Motor Company stock surged 340% in last 5-years.

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