India: Piramal Enterprises’ SFG invests $45m in Indo Shell

India: Piramal Enterprises’ SFG invests $45m in Indo Shell

Khushru Jijina. Photo: Mint

Piramal Enterprises Ltd’s structured financing group (SFG), has invested Rs300 crore in Coimbatore-based auto component company Indo Shell Mould Ltd, two people aware of the development said.

“The two parties had been in talks for a while and the transaction has been closed recently. Indo Shell has raised Rs300 crore through structured debt through the transaction, which will help the company refinance its bank debt,” said one of the two people mentioned above, requesting anonymity.

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