New Delhi: The Kotak Special Situations Fund, managed by Kotak Investment Advisors, on Monday said that it has invested Rs 1,000 crore in TVS Supply Chain Solutions.

Under this transaction, Kotak has financed TS Rajam Rubbers with Rs 800 crore in the form of non-convertible bonds (NCDs) to help the promoter R Dinesh acquire Canadian investment firm CDPQ’s stake in the company.

The investments will help the TVS family consolidate its holdings in TVS Supply Chain Solutions. In addition, Kotak has also invested Rs 200 crore in the form of equity in TVS Supply Chain Solutions.

TVS Supply Chain Solutions is a leading third-party logistics service provider with global operations. Kotak said it is well positioned to capture the high growth market in India and the world.

"We are pleased to support TVS Group and R Dinesh in consolidating their ownership into a high-value, high-growth technology-driven business," said Srini Sriniwasan, Managing Director, Kotak Investment Advisors.

Kotak believes that the company has a strong ability to provide supply chain, freight forwarding and last mile logistics solutions with long-lasting relationships with marquee clients.

The Kotak Special Situations Fund is an alternative investment fund under SEBI regulations. It currently manages a $1 billion fund with a mandate to invest in special situations, credit and distressed space in India.

Source: Economics Times

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