Private Equity

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IPO-bound TVS SCS raises Rs.520-Cr from Hero, Bajaj, SBI, others

Business Standard  

Chennai-headquartered TVS Supply Chain Solutions (TVS SCS) has, in the last four months, raised INR 520 crore from a group of investors including Hero Enterprises, Bajaj Holdings and State Bank of India (SBI) even as it plans an INR 750 crore initial public offering (IPO). Out of the INR 520 crore that the company has raised since December, Hero Enterprises invested around INR 250 crore, SBI invested INR 100 crore and Bajaj, INR 50 crore . Another commitment of INR 100 crore has been received from a family office in Mumbai.