TVS Industrial & Logistics Parks achieved success by listing its ₹1,300 crore Infrastructure Investment Trust (InvIT) known as TVS Infrastructure Trust on the National Stock Exchange (NSE). The first corporate developer-led InvIT in warehousing history of India has been established to speed up infrastructure development and draw international capital.
The InvIT issued 2,000 crore units to raise ₹1,300 crore through a fresh issue of ₹1,050 crore and an offer-for-sale of ₹250 crore from an existing unitholder. The fund gained investments from both domestic and international marquee players because of strong investor interest.
The InvIT portfolio consists of 11 million sq ft warehousing and industrial assets valued at ₹3,000 crore which TVS ILP seeded from its 20 million sq ft platform. The portfolio spans major logistics centers in Chennai, Pune, Kolkata, Hosur, Kochi and the northeast region to serve more than 65% of Indian consumer markets.
The InvIT provides stable returns through diversified rental income because it serves more than 30 clients from e-commerce, FMCG, automotive and pharma sectors and its top 10 tenants generate less than 50% of total rental income. The initiative secured IFC as its cornerstone investor through a ₹348 crore investment.
