Mumbai, Feb. 2 -- Following the transaction, Premji Invest will hold a 23% stake in JSA on a fully diluted basis.

The funds will be used to accelerate JSA's growth by expanding casting capacity, investing in medium-casting capabilities and pursuing industry consolidation through acquisitions. JSA is a key supplier of critical ferrous castings for industrial and automotive applications.

Commenting on this partnership, Amit Kalyani, vice chairman & joint managing director, Bharat Forge said, "Since 2022 when we acquired JSA, the company has delivered excellent financial performance with topline, exports and profitability growing at a CAGR of 17%, 24% and 25% respectively, while enhancing its product mix and customer base. We are delighted...