Bharat Forge: Premji Invest picks 23% in JS Auto for Rs 300 cr
BHARATFORG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 0.3 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bharat Forge, its subsidiary BFISL, and step-down unit JS Auto signed definitive agreements with PI Opportunities Fund (Premji Invest affiliate) for issue of equity and CCPS worth about Rs 300 crores, giving the investor a 23% stake in JS Auto on a fully diluted basis. JS Auto contributed 4.61 percent of consolidated income (about Rs 697 crores) and 2.51 percent of net worth in FY25. Deal expected to close by 31 March 2026. No change in BFL management or control; non-compete restricts ferrous casting in India to JS Auto.
Premji Invest entry validates the casting business at a marquee valuation. Positive signal; BFL retains control with no immediate earnings impact.