Subsidiary21 May 2026, 07:11 pm
TVS SCS Subsidiary FIT 3PL Allots Equity Shares
AI Summary
TVS Supply Chain Solutions Ltd (TVS SCS) announced that its wholly-owned subsidiary, FIT 3PL Warehousing Private Limited, has allotted equity shares to TVS SCS. This follows the approval for additional funding infusion into subsidiaries for business expansion. The cost of acquisition for Tranche I is ₹59.56 Crores, with a price of ₹2700 per share. TVS SCS acquired 220,609 equity shares, maintaining 100% shareholding in FIT 3PL. The acquisition aims to facilitate business growth, with expected revenue and profit increases.
Key Highlights
- FIT 3PL, a wholly-owned subsidiary of TVS SCS, allotted equity shares to TVS SCS.
- The acquisition cost ₹59.56 Crores for 220,609 shares at ₹2700 per share.
- TVS SCS maintains 100% shareholding in FIT 3PL after the acquisition.
- The acquisition is intended to facilitate business growth and increase revenue.
- FIT 3PL's turnover as of March 31, 2025, was ₹133.18 Crores.
Price Impact
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