Latest news with #TVSILP
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Business Standard
08-07-2025
- Business
- Business Standard
TVS ILP raises Rs 1,300 crore through private InvIT to fuel growth
TVS Industrial & Logistics Parks (TVS ILP) has raised Rs 1,300 crore via its private infrastructure investment trust (InvIT). With this fundraise, the company aims to grow its business at a compound annual growth rate (CAGR) of 32 percent, mostly through organic growth. TVS InvIT issued units worth around Rs 2,000 crore, of which Rs 1,300 crore were subscribed by global and domestic investors. The offering comprised a fresh issue of Rs 1,050 crore and an offer for sale of Rs 250 crore by an existing unitholder. 'Logistics is a very asset-heavy and capital-intensive business. In the last five years, we have grown at a CAGR of about 32 percent. We aspire to keep that pace going, and if we need to maintain that momentum, we need capital. To raise capital, an InvIT is the most efficient way, and that's why we are doing this (listing),' said Ravi Swaminathan, founder and vice chairman of TVS ILP. Investors like the International Finance Corporation (IFC), a member of the World Bank Group, and construction conglomerate Larsen & Toubro (L&T) have invested in the InvIT. IFC has invested Rs 348 crore as the anchor investor in the initial listing of TVS InvIT. This is IFC's first equity investment in a warehousing InvIT in India. 'IFC has already been well-invested in transport and power infrastructure. We'd be glad to support and invest in more companies in this space. We are already very large investors in infrastructure, with roads and power transmission being a huge part of our business. Logistics is a strategic priority for us,' said Vikram Kumar, regional industry director for infrastructure and natural resources, Asia-Pacific, IFC. The InvIT's strategic investor is L&T, along with 11 other investors, including pension funds, life insurance companies, and a few family offices. Additionally, TVS ILP is part of the TVS Mobility Group and a joint venture between TVS Supply Chain Solutions (TVS SCS) and Swaminathan & family. The InvIT has been seeded with approximately 11 million square feet (msf) of warehousing and industrial assets valued at around Rs 3,000 crore, drawn from TVS ILP's broader 20 msf platform. The portfolio spans logistics markets, including Chennai, Pune, Kolkata, Hosur, Kochi, and the Northeast, covering over 65 percent of India's consumption hubs. Swaminathan stated that every year, 3 msf of revenue-generating assets are expected to be added to the InvIT's portfolio. 'Every million square feet will generate a revenue of Rs 35 crore. If we create 3 msf, we will be growing at the rate of over Rs 100 crore (of asset value) per year,' he added. The TVS ILP InvIT has a tenant base of over 30 clients from sectors such as e-commerce, automotive, FMCG, electronics, pharmaceuticals, and manufacturing, with 100 percent occupancy. Less than 50 percent of its rental income comes from its top 10 tenants. The Securities and Exchange Board of India (Sebi) has mandated that InvITs distribute at least 90 percent of their taxable income to the unitholders.
Economic Times
08-07-2025
- Business
- Economic Times
TVS Industrial & Logistics Parks lists InvIT on NSE
TVS Industrial & Logistics Parks on Tuesday announced the listing of its InvIT TVS Infrastructure Trust on the National Stock Exchange, raising over Rs 1,300 crore. ADVERTISEMENT According to the company, TVS Infrastructure Investment Trust issued 2,000 crore units, out of which units worth Rs 1,300 crore were subscribed by marquee global and domestic investors. The offering comprised a fresh issue of Rs 1,050 crore and an offer-for-sale of Rs 250 crore by an existing unitholder, it said. The Infrastructure Investment Trust (InvIT) offers a well-diversified tenant base of over 30 clients from various sectors, such as e-commerce, automotive, FMCG, electronics, pharmaceuticals, and than 50 per cent of its rental income comes from its top 10 tenants, ensuring stability and risk diversification, the company said. The InvIT has been seeded with approximately 11 million sq ft of warehousing and industrial assets valued at around Rs 3,000 crore, drawn from TVS ILP's broader 20 million sq ft platform, TVS Industrial & Logistics Parks (TVS ILP) said. ADVERTISEMENT TVS ILP is part of the TVS Mobility Group and a joint venture between TVS Supply Chain Solutions (TVS SCS) and Ravi Swaminathan & portfolio spans strategic logistics markets, including Chennai, Pune, Kolkata, Hosur, Kochi, and the northeast, covering over 65 per cent of India's consumption hubs, as per the company. ADVERTISEMENT "Being India's first corporate developer-led InvIT in warehousing is a powerful testament to what can be achieved when long-term vision meets strong execution. The TVS Infrastructure Trust enables us to unlock value, attract global capital, and most importantly, accelerate infrastructure development in India," said TVS Industrial & Logistics Parks founder and Vice Chairman Ravi strategic initiative is backed by global and domestic investors, including the International Finance Corporation (IFC), a member of the World Bank Group and L&T, the company said, adding that IFC has invested Rs 348 crore (USD 41 million) as the cornerstone investor in the initial listing of TVS InvIT. This is IFC's first equity investment in a warehousing InvIT in India, TVS ILP said. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
08-07-2025
- Business
- Time of India
TVS Industrial & Logistics Parks lists InvIT on NSE
TVS Industrial & Logistics Parks on Tuesday announced the listing of its InvIT TVS Infrastructure Trust on the National Stock Exchange, raising over Rs 1,300 crore. According to the company, TVS Infrastructure Investment Trust issued 2,000 crore units, out of which units worth Rs 1,300 crore were subscribed by marquee global and domestic investors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Binh Nham (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo The offering comprised a fresh issue of Rs 1,050 crore and an offer-for-sale of Rs 250 crore by an existing unitholder, it said. The Infrastructure Investment Trust (InvIT) offers a well-diversified tenant base of over 30 clients from various sectors, such as e-commerce, automotive, FMCG, electronics, pharmaceuticals, and manufacturing. Less than 50 per cent of its rental income comes from its top 10 tenants, ensuring stability and risk diversification, the company said. Live Events The InvIT has been seeded with approximately 11 million sq ft of warehousing and industrial assets valued at around Rs 3,000 crore, drawn from TVS ILP's broader 20 million sq ft platform, TVS Industrial & Logistics Parks (TVS ILP) said. TVS ILP is part of the TVS Mobility Group and a joint venture between TVS Supply Chain Solutions (TVS SCS) and Ravi Swaminathan & Family. The portfolio spans strategic logistics markets, including Chennai, Pune, Kolkata, Hosur, Kochi, and the northeast, covering over 65 per cent of India's consumption hubs, as per the company. "Being India's first corporate developer-led InvIT in warehousing is a powerful testament to what can be achieved when long-term vision meets strong execution. The TVS Infrastructure Trust enables us to unlock value, attract global capital, and most importantly, accelerate infrastructure development in India," said TVS Industrial & Logistics Parks founder and Vice Chairman Ravi Swaminathan. This strategic initiative is backed by global and domestic investors, including the International Finance Corporation (IFC), a member of the World Bank Group and L&T, the company said, adding that IFC has invested Rs 348 crore (USD 41 million) as the cornerstone investor in the initial listing of TVS InvIT. This is IFC's first equity investment in a warehousing InvIT in India, TVS ILP said.
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Business Standard
08-07-2025
- Business
- Business Standard
TVS Industrial & Logistics Parks lists ₹1,300 cr worth InvIT on NSE
TVS Industrial & Logistics Parks on Tuesday announced the listing of its InvIT TVS Infrastructure Trust on the National Stock Exchange, raising over Rs 1,300 crore. According to the company, TVS Infrastructure Investment Trust issued 2,000 crore units, out of which units worth Rs 1,300 crore were subscribed by marquee global and domestic investors. The offering comprised a fresh issue of Rs 1,050 crore and an offer-for-sale of Rs 250 crore by an existing unitholder, it said. The Infrastructure Investment Trust (InvIT) offers a well-diversified tenant base of over 30 clients from various sectors, such as e-commerce, automotive, FMCG, electronics, pharmaceuticals, and manufacturing. Less than 50 per cent of its rental income comes from its top 10 tenants, ensuring stability and risk diversification, the company said. The InvIT has been seeded with approximately 11 million sq ft of warehousing and industrial assets valued at around Rs 3,000 crore, drawn from TVS ILP's broader 20 million sq ft platform, TVS Industrial & Logistics Parks (TVS ILP) said. TVS ILP is part of the TVS Mobility Group and a joint venture between TVS Supply Chain Solutions (TVS SCS) and Ravi Swaminathan & Family. The portfolio spans strategic logistics markets, including Chennai, Pune, Kolkata, Hosur, Kochi, and the northeast, covering over 65 per cent of India's consumption hubs, as per the company. "Being India's first corporate developer-led InvIT in warehousing is a powerful testament to what can be achieved when long-term vision meets strong execution. The TVS Infrastructure Trust enables us to unlock value, attract global capital, and most importantly, accelerate infrastructure development in India," said TVS Industrial & Logistics Parks founder and Vice Chairman Ravi Swaminathan. This strategic initiative is backed by global and domestic investors, including the International Finance Corporation (IFC), a member of the World Bank Group and L&T, the company said, adding that IFC has invested Rs 348 crore (USD 41 million) as the cornerstone investor in the initial listing of TVS InvIT. This is IFC's first equity investment in a warehousing InvIT in India, TVS ILP said.
Time of India
02-07-2025
- Business
- Time of India
TVS Logistics Park raises Rs 1,300-crore via private InvIT
Mumbai | Bengaluru: TVS Industrial & Logistics Parks (TVS ILP) has raised over Rs 1,300 crore from both global and domestic institutional investors as part of private placement of its warehousing assets-led infrastructure investment trust (InvIT), said people with direct knowledge of the development. TVS ILP, part of TVS Mobility Group, has built a platform of 20 million sq ft and transferred 11 million sq ft valued at around Rs 3,000 crore into the InvIT. The warehousing portfolio spans across key submarkets of Chennai, Pune, Kolkata, Hosur, Kochi and northeastern states. "The private placement was concluded last week and the InvIT will be listed on the National Stock Exchange on July 8," said one of the persons mentioned above. The country's maiden privately-placed warehousing and industrial parks InvIT, NDR InvIT Trust, had raised '880 crore in February 2024 and was subsequently listed on the National Stock Exchange. ET's email query to TVS ILP remained unanswered until press time. Live Events TVS ILP is a joint venture between TVS Supply Chain Solutions and Ravi Swaminathan & Family. The fundraise comes amid a regulatory push to streamline the transition of privately-placed InvITs into public InvITs. On Tuesday, the Securities and Exchange Board of India (Sebi) released a draft circular proposing key relaxations to the conversion framework. Sebi has also suggested treating such public issuances as follow-on offers rather than initial offers, thereby simplifying disclosure and compliance requirements.
