23% Stake Acquired in JS Auto Cast Foundry India.
Premji Investment.
Khaitan & Co advised Premji Invest on its ₹300 crore investment in JS Auto Cast Foundry India Private Limited, a wholly owned step-down subsidiary of Bharat Forge Limited.
Premji Invest, through PI Opportunities Fund I Scheme II, subscribed to a 23% stake in the company.
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JS Auto Cast Foundry India supplies ferrous castings for industrial and automotive applications. The funds will be used to enhance casting capabilities and pursue potential acquisitions within the sector.
