TVS SCS gears up for IPO; family settlement may get NCLAT nod in 6 weeks

TVS Supply Chain Solutions, the logistics arm of $8.5-bn TVS Group, will launch a Rs 3,000-cr IPO sometime in 2022-23

TVS Supply Chain Solutions (TVS SCS), the logistics arm of $8.5 billion TVS Group, is all set to come up with over Rs 3,000 crore initial public offering (IPO) in 2022-23, immediately after the family settlement gets a National Company Law Tribunal (NCLAT) nod.

According to sources aware of the development, NCLAT's clearance for the independent structure of group companies as part of the settlement is expected to come within the next six weeks.  As part of the restructuring exercise, each family group will get complete ownership of the businesses they manage while scrapping the holding company.

"We expect the