Premji Invest has made a ₹300 crore investment, through its fund PI Opportunities Fund I Scheme II, in JS Auto Cast Foundry India Private Limited, a wholly owned step-down subsidiary of Bharat Forge Limited, for a subscription of 23% stake.

Khaitan & Co advised Premji Invest on this transaction.

The transaction team consisted of Shishir Vayttaden (Partner), K Aishwarya (Partner), Pragyansh Nigam (Associate) and Radhika Naik (Associate).

JS Auto Cast Foundry India is in the business of supplying ferrous castings for industrial and automotive applications.

The funds will be utilised to enhance the Company's castings capabilities as well as for potential acquisitions within the industry.

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