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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 a significant minority shareholder in the business. ....
TVS ILP to raise capital from CDC Group Updated: Updated: Share Article AAA TVS Industrial and Logistics Parks (TVS ILP) is all set to raise ‘growth capital’ from CDC Group, a development finance institution in the U.K. , to grow its business. TVS ILP is a 50:50 joint venture between TVS Supply Chain Solutions and Ravi Swaminathan Associates. It is for the first time that TVS ILP would be raising institutional investment. This would result in CDC becoming a significant minority shareholder in the business, said the company in a statement. “TVS ILP has been consistently growing over the years. To propel the company to the next level of growth, we feel bringing in a strategic investment partner is the ideal next step,” said R. Dinesh, director, TVS ILP. ....
CDC Group to invest ₹250 cr in TVS Industrial & Logistics Parks for 40% stake December 17, 2020 The expansion would result in creating job opportunities for about 500 people. TVS Industrial and Logistics Parks (TVS ILP), a 50:50 joint venture between TVS Supply Chain Solutions and Ravi Swaminathan Associates, announced on Thursday that it will raise growth capital from CDC Group, the UK’s publicly owned impact investor. It will be TVS ILP’s first institutional fund-raise. The company didn’t disclose the financial details, but market sources indicated that it is mobilising about ₹250 crore from CDC Group for a 40 per cent stake. Avendus Capital was the exclusive financial advisor to TVS ILP in the deal. TVS ILP will use the funds to expand operations, thereby creating job opportunities for about 500 people. ....