New Delhi, Sept. 4 -- TVS Holdings, a core investment company, is set to allot bonus shares to its shareholders. The record date for this purpose is approaching, while the stock is also witnessing decent traction. Rising for the second consecutive session, TVS Holdings shares climbed nearly 3% in intraday deals on the BSE on Friday, 4 September. The stock opened at Rs.13,229.95 against its previous close of Rs.13,145 and rose 2.7% to an intraday high of Rs.13,496.95 during the session.

According to the company's exchange filing on 27 August, TVS Holdings will issue and allot 46 non-convertible redeemable preference shares of Rs.10 each by way of bonus for every 1 fully paid up equity share of Rs.5 held by each equity shareholder of the c...