Lingotto to acquire BII's 21% stake in TVS ILP

Lingotto, an investment management company owned by Dutch firm Exor N V. has made a secondary purchase of a 21% stake in Chennai-headquartered TVS Industrial and Logistics Parks (TVS ILP) from existing investor, British International Investor (BII), at an enterprise value of INR 2,800 crore. TVS ILP, a part of the TVS Mobility Group, is a player in Grade A warehousing. The company aims to be a leader in integrated logistics parks.