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Piramal Finance Limited, a subsidiary of Ajay Piramal-controlled Piramal Enterprises Limited (PEL), has expanded its investment focus to auto component space by committing Rs 565 crore in two companies - RSB Group & Indoshell Mould Limited.
The company has invested Rs 275 crores and Rs 290 crores in RSB Group and Indoshell Mould, respectively. The investments were made through the corporate finance group (CFG), erstwhile 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 finance,
