Mitsubishi Corp invests in TVS Supply Chain Solutions for minority stake
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Mumbai, Nov. 11 -- TVS Supply Chain Solutions Limited (TVS SCS) on Tuesday said that Japan's Mitsubishi Corporation has invested an undisclosed amount in the former to acquire a minority stake.
The Chennai-based TVS Group company said Mitsubishi has acquired the stake from Tata Opportunities Fund, which plans a partial exit. The Tata Opportunities Fund (TOF) first invested in TVS SCS in 2015 as a minority partner.
TOF has also invested in TVS SCS to fund acquisitions and support in future growth plans, the company said.
"Mitsubishi's investment is through a secondary market transaction which will allow an existing investor - Tata Opportunities Fund - to secure a partial exit," it said in an official statement.
The company said that Ta...
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