Kotak arm invests Rs 1,000 cr in TVS family’s logistics biz

A Kotak Mahindra Bank arm on Monday announced a Rs 1,000-crore investment into a third-party logistics (3PL) business promoted by the south-based TVS family.

Kotak Special Situations Fund (KSSF) has invested Rs 200 crore in TVS Supply Chain Solutions and has provided a Rs 800 crore finance to TS Rajam Rubbers Private Ltd through a non-convertible debentures route. The loan will help TVS SCS promoter R Dinesh acquire Canadian pension fund CDPQ”s stake in TVS SCS, an official statement said.

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