Piramal Fund Management MD Khushru Jijina had in September indicated that the SFG would focus on a wider portfolio of products to help firms meet financing requirements. Photo: Abhijit Bhatlekar/MintMumbai: 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. 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. On 23 August, Mint reported that Piramal’s SFG agreed to invest Rs150 crore in Smaaash Entertainment Pvt. In March, Mint had reported that Piramal SFG was investing Rs900 crore ($132 million) in Essel Infrastructure Ltd’s solar platform across India.

Source: Mint March 02, 2017 19:41 UTC