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Tuesday, November 7, 2023

Lingotto buys additional 16.5 percent stake in TVS Industrial and Logistics Parks

Investment management firm Lingotto has acquired an additional 16.5% stake in TVS Industrial and Logistics Parks, bringing its total stake to 21%. TVS ILP, a part of TVS Mobility Group, has entered into a strategic partnership with Lingotto, which is owned by Exor NV. British International Investor, a UK's DFI, has sold part of its stake to Lingotto. The transaction took place at an enterprise value of Rs 2,800 crore. Lingotto is an independent investment management company based in London.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wCuPhIW

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