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Kotak Special Situations Fund invests Rs 1,000 cr in TVS family's logistics business

Tuesday, 14 Sep 2021
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A Kotak Mahindra Bank arm has announced Rs 1,000 crore investment into a third-party logistics (3PL) business promoted by the TVS family. 
The Kotak Special Situations Fund (KSSF) has invested Rs 200 crore in TVS Supply Chain Solutions and provided Rs 800 crore finance to TS Rajam Rubbers 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. 
The investments will help the TVS family consolidate their holdings in TVS SCS.
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