Bharat Forge Raises ₹300 Crore for JS Auto, Sells 23% Stake to Premji Invest Arm
Bharat Forge Limited has announced a strategic investment in its subsidiary JS Auto Cast Foundry India Pvt Ltd, marking an important step toward value unlocking within its group structure. PI Opportunities Fund I Scheme II, managed by Premji Invest Group, will acquire a 23% stake in JS Auto through a combination of equity shares and compulsorily convertible preference shares.
The total investment amounts to ₹300 crore, which will be infused directly into JS Auto to support its growth and expansion plans. The transaction is expected to be completed by March 31, 2026, subject to regulatory approvals and closing conditions.
JS Auto is a step-down wholly owned subsidiary of Bharat Forge and contributed nearly ₹697 crore in revenue in FY25, representing around 4.6% of Bharat Forge’s consolidated turnover. The deal is not a stake sale by Bharat Forge, but a fresh capital raise at the subsidiary level, ensuring the parent company retains majority control.
The investor is not part of the promoter group, and the transaction is not classified as a related-party deal. This move strengthens JS Auto’s balance sheet while bringing in a reputed institutional partner.
For Bharat Forge, the transaction signals smart capital management and highlights the embedded value within its subsidiaries, a development likely to be viewed positively by long-term investors.
Disclaimer: For informational purposes only. Not investment advice.

















