CDC invests in TVS Industrial and Logistics Parks

The CDC Group Plc, the UK’s development finance institution, has acquired a minority stake in TVS Industrial and Logistics Parks Private Limited, a JV of TVS Supply Chain Solutions Limited and Ravi Swaminathan Associates. This is the first time that TVS Industrial has raised institutional investment. This is also CDC’s first investment in a company that builds logistics parks. The firms did not disclose the financial details of CDC’s investments. However, media reports suggest that CDC acquired a 40 per cent stake in TVS Industrial for Rs 2.5 billion-Rs 4 billion.

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