The Canada-based firm will purchase most of their joint stake and the TVS family members and the management will acquire the remaining stake, the company said. Following this transaction, existing investors Goldman Sachs and KKR and Co. Lp will fully exit their investments in TVS Logistics. TVS Logistics, which provides end-to-end integrated logistics services to sectors like automobile, beverages, IT, healthcare, telecom, retail, FMCG and defence, has presence in 14 countries. “TVS Logistics is well positioned to seize growth opportunities resulting from recent tax reforms in India and global demand for state-of-the-art logistics services. This is precisely what we intend to do with TVS Logistics as it expands in its home market and abroad,” said Michael Sabia, president and chief executive officer, CDPQ.

Source: Mint October 19, 2016 12:11 UTC