Thursday, Mar 28 2024 | Time 21:41 Hrs(IST)
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Business Economy


TVS SCS raises Rs 590 cr from Europe-based Exor

Chennai, Oct 11 (UNI) TVS Supply Chain Solutions (TVS SCS) today announced that
it had raised Rs 590 crore from a fund managed by Exor, the Europe-based leading
diversified holding company controlled by the Agnelli family.
TVS SCS will use the fund to grow its business, further strengthen its technology
capability and for other transformational initiatives.
Earlier this year, Exor, through another fund managed by them, had invested in
Ki Mobility Solutions, a subsidiary of TVS Automobile Solutions.
TVS SCS Manging Director R.Dinesh said '"the investment by Exor reiterates our
growth potential and vision."
Supply Chain as a sector in India was expected to grow in double digits and the
company will leverage its tech-enabled global solutions to outgrow the industry.
"I am confident that this investment will significantly add value to our business
and provide the necessary impetus to achieve our growth potential", he added.
UNI GV 1540
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