Bharat Forge Arm JS Auto Completes ₹300 Crore Fundraise; PI Opportunities Fund Acquires 23% Stake

Bharat Forge Limited has announced that its step-down subsidiary J S Auto Cast Foundry India Private Limited (JS Auto) has completed a previously announced investment transaction with PI Opportunities Fund I Scheme II, resulting in the investor acquiring a 23% stake in the company on a fully diluted basis.

The transaction follows the execution of a Securities Subscription Agreement (SSA) and Shareholders Agreement (SHA) signed on February 2, 2026 between Bharat Forge, its wholly owned subsidiary BF Industrial Solutions Limited (BFISL), JS Auto, and the investor.

As part of the deal, JS Auto allotted one equity share at an issue price of ₹2,104.09 per share, including a premium of ₹2,094.09. The company also issued 14,25,794 0.001% non-cumulative compulsorily convertible preference shares (CCPS) at an issue price of ₹2,104.09 per share, which included a premium of ₹2,004.09 per share.

The total consideration for the investment amounted to ₹3,000,001,001.55 (approximately ₹300 crore).

Following the allotment of these securities, the investor has acquired a 23% stake in JS Auto on a fully diluted basis. As a result of the transaction, the status of JS Auto has changed from a step-down wholly owned subsidiary to a step-down subsidiary of Bharat Forge.

Bharat Forge Limited is one of India’s leading global automotive and industrial component manufacturers and a flagship company of the Kalyani Group. Headquartered in Pune, the company is known for its expertise in forging and precision engineering, supplying critical components to sectors including automotive, commercial vehicles, aerospace, defence, railways, oil and gas, and construction equipment. Bharat Forge has an extensive global manufacturing footprint with facilities in India, Europe, and North America.

The company has increasingly diversified beyond traditional automotive forgings into advanced technologies such as electric mobility, defence systems, and lightweight engineering solutions for global OEMs.