Other Deals - Listed Firms
Japanese engg co. Sankyu to acquire 0.5% stake in TVS Supply Chain Solutions
BSE Announcement Business Line
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.
Between Jan 2008 and May 2023, TVS Supply Chain Solutions had attracted about USD 746 M from Goldman Sachs, KKR, Tata Opportunities Fund, Gateway Partners, Kotak Alternate, Lingotto, and others.For FY25, TVS Supply Chain Solutions had reported about INR 1,885 Cr in Operating Income and about INR 70 Cr in PAT.
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