TVS Supply Chain Solutions Limited has been allotted equity shares by the Board of FIT 3PL Warehousing Private Limited, a wholly owned subsidiary of the Company.
TVSSCS · price
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TVS Supply Chain Solutions has infused ₹59.56 Crores into its wholly-owned subsidiary FIT 3PL Warehousing Private Limited through a share allotment. The subsidiary issued 2,20,609 equity shares at ₹2,700 per share. FIT 3PL operates in the 3PL and warehousing logistics business, generated ₹133.18 Crores turnover in FY25, and will continue as a wholly-owned subsidiary. This is part of TVS SCS's business expansion plans for its subsidiaries, with TVS SCS maintaining 100% ownership post-transaction. The deal is on an arm's length basis with cash consideration.
This capital infusion strengthens TVS SCS's logistics and warehousing operations, supporting future revenue and profit growth. Since TVS SCS already owned 100% and remains the sole owner, this is an internal funding move rather than a significant shareholder event.