PE-VC Fund Investments
Bharat Forge arm JS Auto Cast Foundry attracts Rs.300-Cr from Premji Invest
Coimbatore-based JS Auto Cast Foundry India Private Ltd (JSA), a wholly owned step-down subsidiary of Bharat Forge Ltd, has raised INR 300 crore from Premji Invest through a primary infusion. Post investment, Premji Invest will hold a 23% stake in JSA on a fully diluted basis.JSA operates as a supplier of critical ferrous castings for industrial and automotive applications.The capital infusion will be used to expand the company's casting capacity, invest in medium casting capabilities, and pursue industry consolidation through acquisitions.
For FY25, JS Auto Cast had reported about INR 697 Cr in Operating Income and about INR 48 Cr in PAT.
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