TVS Supply Chain Solutions raises Rs. Exor. 590 crore from a fund managed by

TVS Supply Chain Solutions (SCS) says the funds can be used to develop its enterprise, additional strengthen its expertise capabilities and different transformational initiatives.

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TVS Supply Chain Solutions goals to leverage its tech-enabled world options to drive the trade ahead

TVS Supply Chain Solutions (SCS), a subsidiary of TVS Group, has introduced to lift ₹590 crore from a fund managed by Exor, Europe’s diversified holding firm managed by the Agnelli household. The firm says the cash can be used to develop its enterprise, additional strengthen its expertise functionality and different transformational initiatives. Rothschild & Company partnered with TVS SCS for the deal, whereas Khaitan & Company and Nishith Desai Associates acted as counsel for TVS SCS and Exor, respectively, for the deal.

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TVS Supply Chain Solutions Managing Director R. Dinesh is assured that this funding will considerably add worth to the enterprise and assist it develop

Commenting on the newest growth, TVS Supply Chain Solutions Managing Director, R. Dinesh stated, “The funding by Axor reiterates the expansion potential of TVS SCS and our imaginative and prescient. The provide chain in India as a sector is anticipated to develop in double digits and TVS SCS is anticipated to develop its expertise base to drive the trade ahead. Leveraging environment friendly world options, I’m assured that this funding will considerably add worth to our enterprise and supply the mandatory impetus to realize our progress potential.

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TVS SCS is thought to offer a spread of provide chain companies from built-in provide chain options to world forwarding and final mile options tailor-made to the enterprise requirement. Until 2019, it was often known as TVS Logistics, and later in 2020, Mitsubishi Corp additionally invested in TVS Supply Chain Solutions for a minority stake within the firm. Earlier this 12 months, Exor had invested in Mobility Solutions, a subsidiary of TVS Automobile Solutions, by one other fund managed by them.

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