TVS SCS set to float Rs 5,000 crore IPO once Sebi nod comes through

The TVS Group's family recast deal got final nod from NCLAT, based on which each of the four family groups got ownership of the businesses they were managing, scrapping the holding company format

TVS Supply Chain Solutions (TVS SCS), part of the Rs 15,000 crore TVS Mobility Group, is set to become the first company from the TVS fold to come out with an initial public offering (IPO), after the family received the final nod for its rearrangement early this month.

The company had approached the Securities and Exchange Board of India (Sebi) to raise around Rs 5,000 crore--including a fresh issue of Rs 2,000 crore and an offer for sale of up to Rs 3,000 crore, said a source aware of the development. It was on February 4 that the $8.5 billion