IPO
TVS Logistics Park raises Rs.1,300-Cr via private InvIT
Mumbai-headquartered TVS Industrial & Logistics Parks (TVS ILP) has raised over INR 1,300 crore from both global and domestic institutional investors as part of private placement of its warehousing assets-led infrastructure investment trust (InvIT).TVS ILP is a joint venture between TVS Supply Chain Solutions and Ravi Swaminathan & Family.TVS ILP, part of TVS Mobility Group, has built a platform of 20 million sq ft and transferred 11 million sq ft valued at around INR 3,000 crore into the InvIT. The warehousing portfolio spans across Chennai, Pune, Kolkata, Hosur, Kochi and northeastern states. The InvIT will be listed on the NSE on July 8.
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