TVSSCS loan to arm turned into equity

TVS Supply Chain Solutions Limited (TVSCS) has converted its pre-existing inter-company loan (including interest) into equity in TVS Logistics Investment USA Inc., a wholly-owned subsidiary.

Listen to this article

The wholly-owned overseas subsidiary is in the business of storage, warehousing, freight transportation and other land transport services.

The objective of the conversion is to strengthen the capital structure, improve profitability and facilitate business growth.

The conversion of loan into equity was done under the automatic route permitted by Reserve Bank of India.

Accordingly, $14,824,425 was converted into 89,845 equity shares at a valuation of $ 165 a share.

Latest

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform,...

One Millionth TVS iQube Rolled out

Since its launch in 2020, TVS iQube has grown...

Newsletter

Don't miss

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform,...

One Millionth TVS iQube Rolled out

Since its launch in 2020, TVS iQube has grown...

Iconic Norton Atlas rolls out at TVS Hosur Factory

The Atlas will be introduced to the India market...

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion investment to expand the company’s AI and cloud infrastructure in the country by 2030. This takes...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in FY26, with its market share increasing from 3.6 per cent in FY25 to 4.4 per...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform, delivering end-to-end transportation solutions that combine electric fleets, multi-form-factor mobility, charging infrastructure, intelligent fleet management...