Japan's Mitsubishi buys minority stake in TVS' logistics arm
Japanese automotive manufacturer Mitsubishi has bought a minority stake in two-wheeler manufacturer TVS' logistics arm, TVS Supply Chain Solutions for an undisclosed sum. Mitsubishi's investment will help Tata Opportunities Fund secure a partial exit. "Through...Mitsubishi Corporation, we aim to accelerate our growth in the years to come," said R Dinesh, Managing Director, TVS SCS.