Monday, September 13, 2021

Kotak arm invests Rs 1,000 cr in TVS family's logistics business

Kotak Special Situations Fund (KSSF) has invested Rs 200 crore in TVS Supply Chain Solutions and has provided a Rs 800 crore finance to TS Rajam Rubbers Private Ltd through a non-convertible debentures route. The loan will help TVS SCS promoter R Dinesh acquire Canadian pension fund CDPQ's stake in TVS SCS, an official statement said.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/kotak-arm-invests-rs-1000-cr-in-tvs-familys-logistics-business/articleshow/86166827.cms

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