Kotak Special Situation Fund (KSSF) has invested Rs 200 crore in TVS Supply Chain Solutions and provided finance of Rs 800 crore to TS Rajam Rubbers Pvt Ltd through non-convertible debenture route. The loan will help TVS SCS promoter R Dinesh to acquire Canadian pension fund CDPQ’s stake in TVS SCS, an official statement said.
The investment will help the TVS family to consolidate its stake in TVS SCS.
“We are delighted to help TVS Group and R Dinesh consolidate their ownership into a valuable and high growth technology-led business,” said Srinivasan, Managing Director, Kotak Investment Advisors, parent of KSSF.
KSSF Chief Executive Ishwar Karra said the investment is in line with its objective of participating in growth-oriented businesses and partnering with industry leaders to create “customized solutions to meet the needs of each business” and a win-win for all. the construction of.
The fund is registered as an alternative investment fund Self and currently manages a $1 billion fund to invest in special circumstances, debt and distressed space domestically.