ET bureau

Mumbai: Piramal Enterprises, through its subsidiary Piramalll Finance, is funding RSB with a group size of Rs 1 billion. 27.5 1 crore and Shell India Moulds reached Rs. 29 billion.

The investment was made through Piramall Finance Corporate Finance Group (CFG) (formerly Structured Finance Group), the company said.

“Over time, CFG has diversified its industry and product offerings, and CFG is now unaffiliated with the sector and provides capital across the entire risk curve, including senior debt, acquisition finance, sponsor finance, private equity exits and formerly mezzanine investments.” CFG initially focused on infrastructure, including roads and renewable energy, but over the past two years it has been financing companies in the cement, entertainment, security management and packaging sectors, often due to the pressures on traditional banks. Reaching borrowers.

“The auto parts industry has been an area of focus for us for some time now. In line with the standards and practices on our platform, we have been working on a deep dive into the sector over the last few quarters, culminating in this announcement. The first two deals. Khush Jijina, Managing Director, Piramal Finance, said.

p He added that the industry has grown at a CAGR of 15% over the last decade, much higher than the OEMs themselves.

RSB Group manufactures automotive engineering products such as driveshafts and gears. Piramal Enterprises He said the company has a strong presence in the country with 11 plants in major automotive clusters which are manufacturing facilities for all major OEMs in the commercial and passenger vehicle segments. We offer OEM (Original Equipment Manufacturer) services. Added automotive, construction and agricultural equipment.

Indo Shell is a specialized two-wheeler investment casting supplier with a wide customer base. Piramal Enterprises says that the company has always endeavored to produce high quality engines. We produce cylinder blocks at competitive prices and have received good orders from large two-wheeler OEMs.