Kotak Special Situations Fund (KSSF) on Monday announced an investment of Rs 1,000 crore in TVS Supply Chain Solutions Limited (TVS SCS). "Under the transaction, KSSF has financed TS Rajam Rubbers Private Limited with Rs 800 crore in the form of non-convertible debentures (NCDs) to help the promoter, R Dinesh acquire CDPQs stake in TVS SCS," Kotak said in a release.
Symbol: RUBBER| Contract: Oct, 2021| Category: Plantations
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Rubber's Latest News
Competition Commission Clears T S Rajam Rubbers And Dhinarama Mobility's Stake Acquisition In TVS Supply Chain Solutions
Both T S Rajam Rubbers and Dhinarama Mobility Solutions are owned by T S Rajam family.
On footwear and related products, the Ministry has suggested an increase in duty to 35 per cent from the current 25 per cent while for new pneumatic tyres of rubber, it has proposed to hike customs duty to 40 per cent from the current 10-15 per cent. The ministry has proposed to increase import duty on wooden furniture to 30 per cent from the current 20 per cent. F...
Industry body ATMA expects the government to lower the import duty of natural rubber to meet growing demand for automobile tyres.
The two signed a memorandum of understanding (MoU) for the same at last week's Vibrant Gujarat Summit in Gandhinagar, RIL said in a statement.
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