IPO plan okayed, TVS Supply Chain Solutions may go in for acquisitions
According to media reports, the company will use Rs 1,300 cr (out of the Rs 2,000 cr) to repay loans and invest in its overseas operations. The rest of the funds will likely be used for the purpose of strategic acquisitions.
Avanse disburses highest ever loan of Rs 2,927 cr in FY22The new age technology driven non-banking financial company (NBFC) had assets under management (AUM) of Rs 4,836 crore at the end of FY22. Last fiscal year, the company witnessed its highest ever growth in its disbursement at Rs 2,927 crore, growing by three times over 2020-21, Avanse said.
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