TVS Supply Chain Solutions gets Sebi nod to float IPO
TVS Supply Chain Solutions, part of the TVS Mobility Group, has secured approval from the Indian capital markets regulator, the Securities and Exchange Board (Sebi), to launch an initial public offering (IPO) to raise capital. The IPO consists of a fresh equity issue, aiming to raise up to INR7.5bn ($103m) and an offer for sale of more than two million equity shares by existing shareholders.
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