{
  "id": 19520748,
  "title": "Two trusts part of TVS Holdings promoter group pledge shares to fund stake buy",
  "url": "https://urgent.news/2026/11/11/two-trusts-part-of-tvs-holdings-promoter-group-pledge-shares-to-fund",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T15:49:32.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/two-trusts-part-of-tvs-holdings-promoter-group-pledge-shares-to-fund-stake-buy/article71690733.ece"
  },
  "original_language": "en",
  "account": "TVS Holdings disclosed in a recent stock exchange filing that its promoters, VS Trust and Srinivasan Trust, have pledged shares worth 8.28% of the company's total equity capital as security for loans. The loans, obtained on October 28, were obtained from JM Financial Products Limited and JM Financial Credit Solutions Ltd to purchase shares of a related company and cover related expenses. A total of ₹825 crore in credit facilities were secured. VS Trust borrowed ₹265 crore from JM Financial Products Ltd, pledging 13,40,600 shares, which represent 6.63% of TVS Holdings' equity capital. Srinivasan Trust secured ₹560 crore from JM Financial Credit Solutions Ltd, through two loans of ₹165 crore and ₹395 crore, with 3,35,200 shares (1.66% of equity) used as collateral. Following these pledges, the total number of encumbered shares held by the promoters is expected to rise to 43,37,200 shares, accounting for 21.44% of the company's equity capital. The trustees of VS Trust and Srinivasan Trust are Venu Srinivasan and VS Trustee Private Ltd, respectively. The filing does not specify which of TVS Holdings' group companies the shares will be used to acquire; earlier, businessline reported that TSF Investments Ltd sold 7,55,682 shares of TVS Holdings to VS Trust and Srinivasan Trust on October 28.",
  "summary": "Srinivasan Trust has raised ₹560 crore from JM Financial Credit Solutions Ltd through two facilities of ₹165 crore and ₹395 crore, with 3,35,200 shares (equivalent to 1.66% of equity) offered as collateral",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}