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Piramal Finance Limited accelerates its presence in the auto sector
Piramal Enterprises Limited, through its subsidiary Piramal Finance Limited, has financed INR 400 crore to Hema Engineering Industries Limited (Hema). Proceeds from this loan will be used to refinance existing term lenders and fund the company’s capex plans. The deal was made through Corporate Finance Group (CFG), erstwhile Structured Finance Group, of Piramal Finance Limited. Gurgaon based Hema Engineering is a 2 wheeler focused Tier-1 vendor of fabricated components to clients like HeroRead more