Key Points
New Delhi, Sep 29 (PTI) TVS Supply Chain Solutions Ltd on Friday said its wholly-owned arm RICO Logistics Ltd has sold the entire stake in subsidiary Circle Express Ltd, UK, for 2.1 million pounds (about Rs 21.32 crore)...
The move is designed to boost the companys profitability and sharpen its focus on core offerings to its customers, TVS Supply Chain Solutions said in a statement...
In a regulatory filing, the company said the entire stake in Circle Express Ltd was sold to Winever Industrial Enterprises (UK) Ltd...
The sale of Circle Express is an important step as it found very little synergy with the core operations and represents an important step in our efforts to enhance our financial performance and sharpen our competitive edge, TVS Supply Chain Solutions Managing Director Ravi Viswanathan said...
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