TVS ILP, part of TVS Mobility Group, has built a platform of 20 million sq ft and transferred 11 million sq ft valued at around ₹3,000 crore into the InvIT. The warehousing portfolio spans across key submarkets of Chennai, Pune, Kolkata, Hosur, Kochi and northeastern states. “The private placement was concluded last week and the InvIT will be listed on the National Stock Exchange on July 8,” said one of the persons mentioned above.

The country’s maiden privately-placed warehousing and industrial parks InvIT, NDR InvIT Trust, had raised ₹880 crore in February 2024 and was subsequently listed on the National Stock Exchange.

TVS ILP is a joint venture between TVS Supply Chain Solutions and Ravi Swaminathan & Family. The fundraise comes amid a regulatory push to streamline the transition of privately-placed InvITs into public InvITs.

On Tuesday, the Securities and Exchange Board of India (Sebi) released a draft circular proposing key relaxations to the conversion framework. Sebi has also suggested treating such public issuances as follow-on offers rat-her than initial offers, thereby simplifying disclosure and compliance requirements.

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