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Piramal Finance has invested Rs 565 cr in two auto component firms

Piramal Finance Ltd which is a subsidiary of Piramal Enterprises has invested Rs 565 crore across two transactions and said that it has been expanding its investment focus into the auto component space.

Two companies has been financed by Piramal Finance, RSB Group and Indoshell Mould Ltd to the extent of Rs 275 crore and Rs 290 crore, respectively.

The company has said in a statement that the investments were made through the Corporate Finance Group (CFG), erstwhile Structured Finance Group, an arm of Piramal Finance.

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