Tvs Supply Chain Solutions Limited has informed the Exchange about update on Acquisition
TVSSCS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TVS Supply Chain Solutions' wholly owned subsidiary FIT 3PL Warehousing has invested Rs. 59.56 crore in Swamy & Sons 3PL Private Limited. The target entity is a newly incorporated company formed to acquire the business undertakings of Swamy Sons Group, which includes Swamy Sons (Agencies) Private Limited, Sovereign Enterprises, and Crystal Marketing Corporation. These businesses operate in third-party logistics and warehousing for FMCG and FMCD sectors. The acquired businesses had a turnover of Rs. 207.1 crore in FY 2024-25. Tranche 1 has been completed with FIT 3PL holding 80% stake, and the remaining 20% will be acquired by September 2027. This acquisition is not a related party transaction and is being done at arm's length.
Positive for shareholders as this acquisition expands TVS Supply Chain Solutions' capabilities in the FMCG and FMCD logistics segment with businesses generating over Rs. 200 crore in annual revenue.