TVS Supply Chain Solutions Limited — JV/Acquisition, 29-03-2025: Acquisition

TVS Supply Chain Solutions Limited has announced a board meeting regarding additional funding into its wholly owned subsidiary, TVS Logistics Investments Inc. USA, to meet working capital needs. The subsidiary, incorporated in 2010, reported a turnover of ₹7,961.77 Cr in FY24, with increments in the previous years. The company will invest ₹283.78 Mn in cash at a share price of $110 each, maintaining full ownership of the subsidiary. This strategic move aims to enhance cash flow and bolster operational capabilities in storage, warehousing, and transportation services.