Shivam Autotech attracts Rs.150-Cr from Modulus Alternatives

Modulus Alternatives, has committed INR 150 crore to Gurugram-based, listed auto components maker Shivam Autotech through a combination of debt and equity, marking the first investment from its new private credit fund. The investment will be made from the funds managed by Modulus Alternatives including its second fund, India Credit Opportunities Fund II (launched earlier this year with a target corpus of INR 1,250 crore). Shivam Autotech manufactures transmission gears and shafts and employs over 3,000 persons. Its manufacturing facilities are located across Gurgaon, Haridwar, Bengaluru and Rohtak.