12 Sep 2023
Deal: TVS Supply Chain Solutions IPO
23 Aug 2023
23 Aug 2023
Trilegal advised the book running lead managers on the IPO of TVS Supply Chain Solutions Limited (“TVS SCS”), aggregating to INR 8,800 million. TVS SCS is India’s largest and among the fastest growing integrated supply chain solutions provider among Indian listed supply chain solutions companies. It is promoted by the erstwhile TVS Group, one of the reputed business groups in India, and is now part of the TVS Mobility Group.
The syndicate of book running lead managers comprised JM Financial Limited, Axis Capital Limited, J.P. Morgan India Private Limited, BNP Paribas, Nuvama Wealth Management Limited, and Equirus Capital Private Limited.
The proceeds of the IPO are being utilised for debt repayment. The IPO also enabled share sales by investors such as Tata Capital, Kotak Special Opportunities Fund, TVS Motor Company, as well as various employee shareholders.
The Trilegal team was led by by our Capital Markets Partner Richa Choudhary. Other attorneys who supported the deal were Avanti Kale, Counsel; Maitreya Rajurkar and Pooja Sharma, Senior Associates; Sanya Chaudhari, Aayush Khandelwal, and Avanti Deshpande, Associates.
Media Link:
TVS Supply Chain Solutions Ends At Over 2% Premium To IPO Price On Debut (bqprime.com)
About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the India Deal Firm of the Year by Asian Legal Business (ALB) India Law Awards 2023; one of the ‘Best Overall Law Firms’ at the India Business Law Journal Indian Law Firm Awards 2022; ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year” by VCCircle Awards 2020 one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020; and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020.
For more information, please contact:
Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com
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