@livemint: Chennai based TVS Logistics Services is seeking for a second round of funding from private equity (PE) investors. However, they are not decided on the amount and stake of the investment.
The concern is looking at raising money from equity market. Around 20 PE investors had approached the firm. Recent developments suggest that it is in talks with 4 players including Kohlberg Kravis Roberts and Temasek. TVS is expecting to raise INR 2650 mn from PE investors through both primary and secondary route. It has aims of expanding its coverage in the domestic market as also in Southeast Asia, Turkey and South Africa. It is also setting its eye on making acquisitions in new and existing markets and is planning to use the additional money on this purpose.