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TVS ILP aims to raise $100 million via warehouse InvIT
WAREHOUSING & LOGISTICS

TVS ILP aims to raise $100 million via warehouse InvIT

TVS ILP's development and leasing activities are focused on industrial warehouse facilities and logistics infrastructure parks. Its current clientele comprises individuals in the automotive, FMCG, e-commerce, and agriculture industries, and it is distributed across six states.

TVS Industrial and Logistics Parks (TVS ILP), a branch of TVS Group's logistics company TVA (TVS) Supply Chain Solutions, has begun to monetize the warehouses it develops and administers through an Infrastructure investment trust (InvIT). The proposed monetization might result in TVS ILP raising up to $ 100 million through the trust.

To establish up the InvIT and aid in fund raising, TVS is collaborating with investment banks Axis Capital and Kotak Mahindra Capital.

The InvIT plans are still in the early phases of development, with the specifics of the InvIT Organization and the assets to be transferred still being worked out.

According to the official, they have a warehouse area of around 7 million square feet that is functioning. The portfolio will be managed by an InvIT, and they hope to raise up to $100 million.

The group expects another 3 million square feet to be operational by the end of the year, and that these assets would be added to the InvIT after the asset operations are established. The company plans to increase its storage portfolio to 20 million square feet in the next three to four years.

鈥淎s we expand, we continue to look in to different ways to earn money to fund our projects, and among other things, we are also thinking about the possibility of releasing an InvIT. The figures you provided in the E-Mail, however, are inappropriate because the specifics are still being worked out,鈥� said Manikandan R, COO of TVS Industrial & Logistics Parks.

A 50/50 joint venture between TVS Supply Chain Solutions Ltd. and Ravi Kumar Swaminathan & Associates created TVS ILP in 2005. The UK government's development financing branch, British International Investments, formerly known as the CDC Group, invested equity capital of 250 crores and acquired 40% ownership in the company in March 2021, with the other two shareholders controlling around 30% of the company each.

Around 28% of TVS ILP's revenues, as determined by the October Care Ratings evaluation, originate from TVS Supply Chain Solutions.

TVS ILP develops and rents industrial warehouses and logistics infrastructure parks. Its current customer is made up of six States and includes people who work in the agricultural, FMCG, automotive, and e-commerce industries.

See also:
TVS Industrial and Logistic Parks plans to double its portfolio
RIL builds a $2.4鈥�$3 billion Infra Investment Trust


TVS ILP's development and leasing activities are focused on industrial warehouse facilities and logistics infrastructure parks. Its current clientele comprises individuals in the automotive, FMCG, e-commerce, and agriculture industries, and it is distributed across six states. TVS Industrial and Logistics Parks (TVS ILP), a branch of TVS Group's logistics company TVA (TVS) Supply Chain Solutions, has begun to monetize the warehouses it develops and administers through an Infrastructure investment trust (InvIT). The proposed monetization might result in TVS ILP raising up to $ 100 million through the trust. To establish up the InvIT and aid in fund raising, TVS is collaborating with investment banks Axis Capital and Kotak Mahindra Capital. The InvIT plans are still in the early phases of development, with the specifics of the InvIT Organization and the assets to be transferred still being worked out. According to the official, they have a warehouse area of around 7 million square feet that is functioning. The portfolio will be managed by an InvIT, and they hope to raise up to $100 million. The group expects another 3 million square feet to be operational by the end of the year, and that these assets would be added to the InvIT after the asset operations are established. The company plans to increase its storage portfolio to 20 million square feet in the next three to four years. 鈥淎s we expand, we continue to look in to different ways to earn money to fund our projects, and among other things, we are also thinking about the possibility of releasing an InvIT. The figures you provided in the E-Mail, however, are inappropriate because the specifics are still being worked out,鈥� said Manikandan R, COO of TVS Industrial & Logistics Parks. A 50/50 joint venture between TVS Supply Chain Solutions Ltd. and Ravi Kumar Swaminathan & Associates created TVS ILP in 2005. The UK government's development financing branch, British International Investments, formerly known as the CDC Group, invested equity capital of 250 crores and acquired 40% ownership in the company in March 2021, with the other two shareholders controlling around 30% of the company each. Around 28% of TVS ILP's revenues, as determined by the October Care Ratings evaluation, originate from TVS Supply Chain Solutions. TVS ILP develops and rents industrial warehouses and logistics infrastructure parks. Its current customer is made up of six States and includes people who work in the agricultural, FMCG, automotive, and e-commerce industries. See also: TVS Industrial and Logistic Parks plans to double its portfolio RIL builds a $2.4鈥�$3 billion Infra Investment Trust

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