TVS Industrial & Logistics Parks (TVS ILP) has raised over Rs 1,300 crore from both global and domestic institutional investors as part of private placement of its warehousing assets-led infrastructure investment trust (InvIT), said people with direct knowledge of the development.
TVS ILP, part of TVS Mobility Group, has built a platform of 20 million sqft and transferred 11 million sqft valued at around Rs 3,000 crore into the InvIT. The warehousing portfolio spans across key submarkets of Chennai, Pune, Kolkata, Hosur, Kochi and northeastern states. "The private placement was concluded last week and the InvIT will be listed on the National Stock Exchange on July 8," said one of the persons mentioned above.
The country's maiden privately-placed warehousing and industrial parks InvIT, NDR InvIT Trust, had raised ?880 crore in February 2024 and was subsequently listed on the National Stock Exchange.
TVS ILP is a joint venture between TVS Supply Chain Solutions and Ravi Swaminathan& Family. The fundraise comes amid a regulatory push to streamline the transition of privately-placed InvITs into public InvITs.
Tvarra, a brand synonymous protective riding headgear for women and young adults, unveiled its latest Hyp3 Kids’ helmet range, at the new flagship store at Nexus Mall, Koramangala in the presence of T...
Apollo Tyres has introduced Apterra HT5, a premium highway terrain tyre designed specifically for the core SUV segment, where urban sophistication meets highway dominance.
Galaxy, a leading global brand of construction, earthmoving and material handling tyres, has entered the fast growing UTV/ATV segment with two flagship patterns - Hulk PSX and Everest PSX. The new ran...