a first of its kind transaction, Tata Motors along with Tata Motors Finance
Group entered into strategic tie-up with Kool-ex Cold Chain Limited – a leading
Pharma Cold Chain Logistics Service Provider to supply 200 fully built reefer
trucks manufactured by Tata Motors.
a unique one stop solution for Kool-ex Cold Chain Ltd, this tie up includes
manufacturing of the specially built pharma compliant reefer trucks which will
be covered under the Tata Sampoorna Seva umbrella of value added services and a
complete funding plan by TMF Group with a mixture of equity and debt, making
the entire transaction a single window structure. The reefer units used for
this deal will be built on the popular Tata LPT 1613 MCV trucks and the Tata
LPT 2518 Multi axle truck.
Mani - MD, Tata Motors Finance Group – “We are elated to be a part of this one
of a kind tie up to provide complete financing solutions to Kool-ex Cold Chain
Limited. As a part of this tie up, we will not only be providing vehicle
financing through Tata Motors Finance Limited (TMFL) but will also provide
mezzanine equity financing to the company through Tata Motors Finance Solutions
Limited (TMFSL), making this a structured financing deal. We are confident that
this complete package will deliver the best for all companies who are a part
the deal and will lay a strong foundation for a continued association
which has over 21 years of experience in this segment is all set to become one
of the largest Pharma Cold Chain Logistics Service Provider in the country,
with this partnership. Kool-ex will also shortly enter the Cold Chain
warehousing segment, with its first commercial project likely to come up near
Pune along with foray into last mile deliveries, thereby making it a completely
integrated 3PL Cold Chain Logistics Service Provider.
Source: Tata Motors
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