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TVS Supply Chain Solutions raises Rs.396-Cr from 18 anchor investors

Economic Times  

Chennai-headquartered TVS Supply Chain Solutions has raised INR 396 crore from anchor investors ahead of its public issue. The company had allotted 2.01 crore shares to 18 investors including Franklin Templeton MF, SBI Life Insurance, Tata MF, Societe Generale, BNP Paribas, Copthall Mauritius Investments, Authum Investment, Aurigin Master, and Winro Commercial. TVS SCS' public issue comprises fresh equity shares aggregating INR 600 crore and an offer for the sale of 14,213,198 equity shares. The price band of the issue has been fixed at INR 187-197 per equity share.