Kotak Special Situations Fund (KSSF) today announced an investment of ₹1,000 crore to back TVS Supply Chain Solutions Limited (TVS SCS) and promoters of the TVS Family. TVS SCS, a third party logistics (3PL) services provider, has strong capabilities in providing supply chain solutions, freight forwarding and last mile logistics with long standing relationships with marquee clients.
Under the transaction, KSSF has financed TS Rajam Rubbers Private Limited with ₹800 crore in the form of non-convertible debentures (NCDs) to help the promoter, R Dinesh acquire CDPQ’s stake in TVS SCS. The investments will help the TVS family consolidate their holdings in TVS SCS. Additionally, KSSF has invested ₹200 crore in the form of equity in TVS SCS.