TVS Supply Chain Solutions Limited (TVS SCS) has announced an additional infusion of ₹213.44 million into its wholly owned subsidiary, TVS Logistics Investments Inc. USA (TVS LI USA). This investment is aimed at supporting the subsidiary’s working capital requirements and business expansion plans.
TVS LI USA, which operates in the storage, warehousing, freight transportation, and other land transport services sectors, reported a turnover of 10,298.94 million for the financial year 2025. The company continues to be a wholly owned subsidiary of TVS SCS following this transaction.
The acquisition of equity shares by TVS SCS in TVS LI USA was executed through a cash consideration, with each share priced at USD 165. The transaction, being a cross-border one, complies with the Foreign Exchange Management Act, 1999, and the Overseas Investment Guidelines, 2022, under the automatic route.
The completion of this acquisition is expected by 31 March 2026. It is noted that this transaction does not fall under related party transactions, and none of the promoter group or group companies have any interest in the acquisition.
TVS LI USA, incorporated on 1 December 2010, has shown consistent growth in its turnover over the past three years, with figures of 7,961.77 million for FY24 and 7,061.93 million for FY23, indicating a robust performance trajectory.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Arunika Jain and reviewed by Markets Desk before publication.