Advertisement
TVS Industrial & Logistics Parks has listed its Infrastructure Investment Trust, TVS Infrastructure Trust, on the National Stock Exchange, raising over INR 1,300 crore through a mix of fresh issue and offer-for-sale. The InvIT has been anchored by prominent global and domestic investors, including the International Finance Corporation (IFC) and L&T. It comprises a seeded portfolio of 11 million sq ft of warehousing and industrial assets valued at around INR 3,000 crore. This marks IFC's first equity investment in an Indian warehousing InvIT.
TVS Industrial & Logistics Parks has announced the listing of its Infrastructure Investment Trust (InvIT), TVS Infrastructure Trust, on the National Stock Exchange, raising over INR 1,300 crore. The listing marks a significant move in India's logistics infrastructure landscape, with the InvIT emerging as the first corporate developer-led warehousing trust in the country. Advertisement
As per the company's disclosure, TVS Infrastructure Investment Trust issued 2,000 crore units, with units amounting to INR 1,300 crore being subscribed by a mix of marquee domestic and global institutional investors. The offering included a fresh issue of INR 1,050 crore and an offer-for-sale component worth INR 250 crore from an existing unitholder.
The InvIT is supported by a robust portfolio comprising approximately 11 million sq ft of warehousing and industrial assets, with an estimated value of around INR 3,000 crore. These assets are drawn from the wider 20 million sq ft platform operated by TVS Industrial & Logistics Parks. The trust's assets are spread across key logistics hubs such as Chennai, Pune, Kolkata, Hosur, Kochi, and the northeast, covering more than 65 per cent of India's major consumption regions.
With a tenant base of over 30 clients across sectors including e-commerce, automotive, FMCG, electronics, pharmaceuticals, and manufacturing, the trust ensures a diversified and stable rental income. The company highlighted that less than 50 per cent of rental income is derived from the top 10 tenants, mitigating concentration risk.
TVS ILP operates under the umbrella of the TVS Mobility Group and is a joint venture between TVS Supply Chain Solutions (TVS SCS) and Ravi Swaminathan & Family. Speaking on the listing, company founder and Vice Chairman Ravi Swaminathan conveyed that the InvIT structure reflects the organisation's long-term strategy and operational execution. He noted that the platform enables the company to attract global capital while accelerating infrastructure development across India.
The listing has received backing from leading institutional investors. Among them is the International Finance Corporation (IFC), a member of the World Bank Group, which has committed INR 348 crore (USD 41 million) as the cornerstone investor. TVS ILP confirmed this marks IFC's first equity investment in a warehousing InvIT in India. Engineering and construction major L&T has also joined as a key investor in the offering.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
