M&A Critique

TVS Motors issuances of convertible preference shares as bonus instead of dividend

Recently, well known auto manufacturer announced the issuance of preference shares as a bonus to all equity shareholders. In the past, many listed companies have issued preference shares as a bonus. In this article, we will try to analyze the different facets of issuing preference shares as a bonus.

TVS Motor Company Limited (“TVS” or “Company”) is engaged in manufacturing two & three wheeler ve...

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Aniruddha Jain