TVS SCS to invest up to Rs 100 Cr in subsidiary FIT 3PL for expansion
TVSSCS · price
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Board of TVS Supply Chain Solutions approved further investment of up to Rs 100 Crores in its wholly owned subsidiary FIT 3PL Warehousing Private Limited to support business expansion. Funding will be through equity or equity-like instruments in one or more tranches, entirely in cash. FIT 3PL operates in 3PL and warehousing with FY25 turnover of Rs 133.18 Crores. Transaction is at arms length and completion is expected by September 2027.
Capital infusion into wholly owned subsidiary for expansion. May support future revenue and profit growth. No change in ownership stake.