India: TVS Group to raise up to $57m in logistics arm for 20% stake

India: TVS Group to raise up to $57m in logistics arm for 20% stake

Photo: Mint

TVS Group plans to raise ₹350- ₹400 crore by selling about a 20% stake in its logistics and warehousing business to private equity investors, said two people aware of the development, requesting anonymity.

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