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TVS Supply Chain Solutions to sell 4.5% stake in TVSILP

29 Sep 2023 Evaluate

TVS Supply Chain Solutions has entered into a definitive agreement for sale of 4.5% equity stake in TVS Industrial and Logistics Parks (TVSILP), an associate company of the Company. The consideration received from such sale is Rs 51.30 crore. 

TVS Supply Chain Solutions (TVS SCS), an integrated supply chain solutions provider, is present in over 25 countries. TVS SCS is promoted by the erstwhile TVS Group and is now part of the TVS Mobility Group, which has four business verticals -- supply chain solutions; manufacturing; auto dealership, and aftermarket sales and service.

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