Lingotto Acquires Additional Stake in TVS Industrial and Logistics Parks

In a significant move, investment management firm Lingotto has acquired an additional 16.5 percent stake in TVS Industrial and Logistics Parks from British International Investor, bringing its total shareholding to 21 percent. This strategic partnership marks a new chapter for TVS Industrial and Logistics Parks, a subsidiary of TVS Mobility Group, as it joins forces with Lingotto, an investment management company owned by Exor NV.

Strengthening Partnership

The partnership was set in motion through a secondary stake sale by British International Investor, the UK's Development Finance Institution (DFI). This transformative transaction values TVS Industrial and Logistics Parks at Rs 2,800 crore, solidifying Lingotto's position as a key shareholder with a 21 percent stake in the company.

Unlocking Growth Potential

Ravi Swaminathan, Vice Chairman of TVS Industrial and Logistics Parks, expressed enthusiasm about the partnership, stating, "Our vision is to create tech-enabled infrastructure solutions for the warehousing and logistics parks industry. We have delivered robust growth for nearly two decades due to evolving customer demands for more sustainable and innovative products."

He further added, "Now is the time to bring the company to the next level by strategically investing in its future. To achieve this, we welcome Lingotto as a valued strategic partner. The board is convinced that this action will secure the long-term success of the company and benefit all stakeholders."

About Lingotto Investment Management LLP

Lingotto is an independent and entrepreneurial investment management company based in London. It is wholly owned by Exor NV, one of Europe's largest diversified holding companies. With a focus on long-term value creation, Lingotto's investment philosophy aligns with TVS Industrial and Logistics Parks' vision for sustainable growth.

TVS Supply Chain Solutions Stake Sale

In a related development, TVS Supply Chain Solutions sold its 4.5 percent stake in TVS Industrial and Logistics Parks for Rs 51.3 crore. Market sources indicate that Lingotto acquired this additional stake for nearly Rs 200 crore, reflecting the strong interest and confidence in the company's future prospects.

The acquisition of an additional stake in TVS Industrial and Logistics Parks by Lingotto marks a significant milestone for both companies. This strategic partnership brings together Lingotto's expertise in investment management and TVS Industrial and Logistics Parks' strong track record in the warehousing and logistics sector. With a shared commitment to innovation and sustainable growth, this collaboration is poised to drive the company to even greater heights in the years to come.