Bharat Forge Limited — JV/Acquisition, 02-02-2026: Acquisition

Bharat Forge's step-down subsidiary, JS Auto Cast Foundry India, is bringing in PI Opportunities Fund I Scheme II (a Premji Invest affiliate) as an investor. The fund will inject INR 300 Cr into JS Auto for a 23% fully diluted stake. This capital infusion is set to accelerate JS Auto's growth and development. The move by Bharat Forge aims to strategically unlock value and bring external funding into its subsidiary, which currently contributes 4.61% to BFL’s consolidated income.