TVS Supply Chain shares jump 8% after MoU

TVS Supply share price: Shares of TVS Supply Chain Solutions, one of the largest and fastest-growing integrated supply chain solutions providers in India, jumped 7.78 per cent to Rs 130.90 in Monday's trade after the company announced signing a strategic pact with Japan-headquartered logistics and engineering company Sankyu Inc. to collaborate across supply chain and engineering services.

Also Read: Why logistics and supply chain are real growth engine for India’s MSMEs TVS Supply Chain Solutions signs MoU with Sankyu The collaboration will initially focus on India, with the companies targeting manufacturing and industrial customers, including Japanese companies operating in the country. Sankyu intends to acquire a 0.5 per cent equity stake in TVS Supply Chain Solutions, subject to customary regulatory approvals. With more than 1,400 Japanese companies operating in India across manufacturing and industrial sectors, the companies see potential to support their evolving supply chain and engineering requirements while also serving a wider customer base.