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India

Bharat Forge, India sells 23% stake in JS Auto to PI Opportunities fund

On March 16, Bharat Forge announced that private equity investor PI Opportunities Fund I Scheme II has acquired a 23% fully diluted stake in JS Auto Cast Foundry India Pvt Ltd (JS Auto), its step-down subsidiary, for about INR 3 billion.
Following this infusion, JS Auto’s status has changed from a step-down wholly ow....

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