Modulus credit fund Invests ₹150 crore in Shivam Auto

The investment will be from the funds managed by Modulus Alternatives including its second fund - India Credit Opportunities Fund II, which Modulus Alternatives launched earlier this year with a target corpus of ₹1,250 crore. The fund has so far received capital commitments of more than ₹200 crore, sources said. Modulus Alternatives and Shivam Autotech did not respond to requests for comment.

from Auto-Industry-Economic Times https://ift.tt/0N7RPQ9