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TVS Industrial and Logistics Parks Plans to Raise $100 Million

TVS ILP aims to expand its portfolio of logistics and warehousing assets

TVS Industrial and Logistics Parks Plans to Raise $100 Million - Supply Chain Tribe by Celerity

TVS ILP looks to raise up to $100 million via warehouse InvIT". The report explains that TVS Industrial and Logistics Parks (ILP), a subsidiary of the TVS Group, is planning to raise up to $100 million through a proposed infrastructure investment trust (InvIT) for its warehousing and logistics assets. The funds raised will be utilized to expand TVS ILP's warehouse portfolio and to reduce its debt. The InvIT is expected to help TVS ILP tap into the growing demand for logistics infrastructure in India, and is expected to be listed on the stock exchanges within the next 12 to 18 months.