Piramal Enterprises’ structured financing group (SFG) has reportedly invested Rs 300 crore in Coimbatore-based auto component company Indo Shell Mould. The two parties had been in talks for a while and the transaction has been closed recently. Indo Shell has raised Rs 300 crore through structured debt through the transaction, which will help the company refinance its bank debt.
Piramal Enterprises (PEL) is one of India’s large diversified companies, with a presence in Healthcare, Healthcare Information Management and Financial Services