CDC invests Rs 400 crore in TVS Industrial and Logistics Parks

It is the first time that TVS ILP has raised institutional investment. CDC will become a significant minority shareholder in the business

TVS Industrial and Logistics Parks, (TVS ILP), a 50:50 joint venture between TVS Supply Chain Solutions and Ravi Swaminathan Associates, today announced that it will raise ‘growth capital’ from CDC Group. TVS ILP and CDC did not disclose any financials.

TVS ILP and CDC did not disclose any financials, but sources said that the company raised Rs 400 crore by diluting 40 per cent stake.

Avendus Capital is the exclusive financial advisor to TVS Industrial and Logistics Parks on its fund raise from CDC Group.

It is the first time that TVS ILP has raised institutional investment. CDC will become