BUZZ-India's TVS Supply Chain Solutions jumps on JV pact with A.L.A Corp

** TVS Supply Chain Solutions TVSS.NS shares jump 5% to hit upper limit of exchange-mandated trading band of 122.65 rupees

** Logistics solution provider approves JV agreement with A.L.A Corporation for further investment of up to 101.9 mln rupees ($1.1 mln) in TVS Packaging Solutions

** JV to facilitate business expansion and jointly develop opportunities in India's aerospace and defence sectors

** Co to hold 51% stake in TVS Packaging, A.L.A will hold balance

** JV targeting cumulative revenues of over 20 bln rupees by 2031

** Trading volume at more than 2x 30-day average so far

** YTD, TVSS up about 10%

($1 = 95.7500 Indian rupees)


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