Read More>> MUMBAI: Private equity firm Oman India Joint Investment Fund (OIJIF), backed by the State Bank of IndiaNSE -0.79 % and State General Reserve Fund of Oman, has invested Rs 100 crore in auto component maker Divgi TorqTransfer Systems Pvt. Ltd to fund its capacity expansion and diversification into new product categories.
The Pune-based company makes automotive drivetrain systems and components, specialising in four-wheel drive solutions and synchroniser systems. It is banking on emerging growth opportunities for electric and hybrid vehicle systems along with BS VI technology for expansion.