TVS Supply Chain Solutions Limited has converted its pre-existing inter-company loan (including interest) into equity in TVS Logistics Investment USA Inc., a wholly-owned subsidiary. This move is aimed at strengthening the capital structure, improving profitability, and facilitating business growth. The transaction does not involve any fresh infusion of capital.
The conversion involves $14,824,425 (₹123.45 Crores) being converted into 89,845 equity shares at a valuation of $165 per share.
TVS Logistics Investment USA Inc. (TVS LI USA) is a wholly-owned overseas subsidiary of TVS SCS and is in the business of storage, warehousing, freight transportation, and other land transport services. Incorporated on December 1, 2010, TVS LI USA has demonstrated the following turnover in the last three fiscal years:
| Fiscal Year | Turnover |
|---|---|
| FY25 | 1,029.89 |
| FY24 | 796.18 |
| FY23 | 706.19 |
The conversion of the inter-company loan into equity is done on an arm's length basis and has received automatic route approval from the Reserve Bank of India. The conversion was completed on August 29, 2025.
TVS LI USA is in the business of storage, warehousing, freight transportation and other land transport services and is incorporated in United States of America.
The existing Inter - Company loan (including interest) is now converted into equity
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