Piramal Finance enters auto space, invests Rs 565 cr in two component cos

With these two deals, Piramal Group is now sector-agnostic, and offers capital across risk curve

Piramal Enterprises Limited (PEL) has expanded its sector portfolio by investing in two auto-component companies. PEL, through its subsidiary Piramal Finance Limited, has committed around Rs 565 crore across two transactions in two autocomponents makers.

The company has committed Rs 275 crore to the RSB Group and Rs 290 crore to Indoshell Mould Limited. The investments were made through the Corporate Finance Group (CFG), formerly known as Structured Finance Group, of Piramal Finance Limited.

The CFG has diversified over time both in terms of sector and offerings. CFG is now sector-agnostic and offers capital across the risk curve including senior debt, acquisition