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TVS household will get Rs 800 crore to lift stake in Provide Chain

Mumbai: TVS Provide Chain Options (SCS) and promoters of the TVS Household will obtain an funding of Rs 1,000 crore from Kotak Particular Conditions Fund (KSSF), managed by Kotak Funding Advisor. The investments will assist the TVS household consolidate their holdings in TVS SCS.

Below the transaction, KSSF has financed TS Rajam Rubbers Personal Restricted with Rs 800 crore within the type of non-convertible debentures (NCDs) to assist the promoter, R. Dinesh, purchase Canada-based institutional buyers CDPQ’s stake in TVS SCS. The investments will assist the TVS household consolidate their holdings in TVS SCS.

 

Moreover, KSSF has invested Rs 200 crore within the type of fairness in TVS SCS, which is a number one third-party logistics (3PL) providers supplier with world operations.

“The company has strong capabilities in providing supply chain solutions, freight forwarding and last mile logistics with long standing relationships with marquee clients,” a Kotak launch mentioned.

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