TVS ILP to raise capital from CDC Group

TVS Industrial and Logistics Parks (TVS ILP) is all set to raise ‘growth capital’ from CDC Group, a improvement finance establishment within the U.Ok. , to develop its enterprise.

TVS ILP is a 50:50 three way partnership between TVS Supply Chain Solutions and Ravi Swaminathan Associates. It is for the primary time that TVS ILP could be elevating institutional funding. This would end in CDC turning into a major minority shareholder within the enterprise, stated the corporate in a press release.

“TVS ILP has been consistently growing over the years. To propel the company to the next level of growth, we feel bringing in a strategic investment partner is the ideal next step,” stated R. Dinesh, director, TVS ILP.

Set up in 2005, TVS ILP major enterprise exercise entails creating industrial infrastructure amenities corresponding to industrial and warehouse buildings and logistics infrastructure parks. It has arrange amenities within the states of Maharashtra, Tamil Nadu, Odisha and Rajasthan. TVS ILP is on monitor to attain its imaginative and prescient of 15 million sq. ft.