Japanese engg co. Sankyu to acquire 0.5% stake in TVS Supply Chain Solutions

Chennai-based TVS Supply Chain Solutions has signed a Memorandum of Understanding (MoU) with Japan-headquartered logistics and engineering company, Sankyu, which intends to acquire a 0.5% equity stake in the company.The firms plan to collaborate on integrated solutions spanning warehousing, transportation, and maintenance, initially targeting manufacturing and industrial customers in India before expanding into markets across Asia, the Middle East, and Africa.