TVS Supply Chain Solutions Merger & Restructuring Worth ₹19.99 Cr
TVS SCS and partner ALA Mena each subscribed to shares in their JV, TVS SCS ALA India, for a total of ₹19.99 Crore.
- Value
- ₹19.99 Cr
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TVS SCS and partner ALA Mena each subscribed to shares in their JV, TVS SCS ALA India, for a total of ₹19.99 Crore.
TVS Supply Chain Solutions received NCLT Chennai approval for the amalgamation of five subsidiaries. The merger remains subject to final sanction from the NCLT Bengaluru Bench.
TVS Supply Chain Solutions formed a 51:49 joint venture with Italy's ALA Group for aerospace and defense logistics. The company will invest ₹10.19 Crore.
TVS SCS invested ₹59.56 Crore in its wholly owned subsidiary FIT 3PL Warehousing via equity allotment. This capital infusion supports ongoing business expansion plans.