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$ 100 Million Will Be Raised Via Warehouse InvIT By TVS ILPT

warehouse

Industrial Warehouse facilities and logistics infrastructure parks are the focus of TVS ILP’s development and leasing activities. Its present clientele includes those in the automotive, FMCG, e-commerce, and agricultural industries, and it is spread through out the six states.

Through an Infrastructure investment trust (InvIT), TVS Industrial and Logistics Parks (TVS ILP), a division of TVS Group’s logistics company TVA (TVS) Supply Chain Solutions, has begun to monetize the warehouses it builds and manages. According to two sources familiar with the Company’s operations, 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. One of the Sources stated, “TVS has filled with regulator Sebi for the registration of the trust that would hold the assets.

warehouse

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

The second source stated that the InvIT plans are still in the early stages of development and that the specifics of the InvIT Organisation and the assets that will be transferred are still being worked out.

The person said They have an operational warehouse area of around 7 million square feet. The portfolio will be placed under the InvIT, they want to raise up to $ 100 million.

The second source stated that the group anticipates another 3 million square feet to be operational by the end of the year and that these assets would be added to the InvIT later, once the asset operations have been established. In the following three to four years, the business intends to expand its portfolio of warehousing to 20 million square feet.

As 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, according to Manikandan R, COO of TVS Industrial & Logistics Parks.

In the following three to four years, the business intends to expand its portfolio of warehousing to 20 million square feet.

In 2005, TVS ILP was established as a 50/50 joint venture between Ravi Kumar Swaminathan & Associates and TVS Supply Chain Solutions Ltd. British International Investments, formerly known as the CDC Group, the UK government’s development financing arm, invested equity capital of 250 crores and purchased 40% ownership in the company in March 2021, with the other two shareholders owning roughly 30% each.

According to the Care Ratings assessment from October, around 28% of TVS ILP’s revenues come from TVS Supply Chain Solutions. 

The proposed monetization might result in TVS ILP raising up to $ 100 million through the trust.

Creating and leasing industrial warehouses and logistics infrastructure parks is what TVS ILP does. Six States make up its present clientele, who are in the automotive, FMCG, e-commerce, and Agricultural Industries.

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