Bharat Forge Merger & Restructuring Worth ₹240 Cr
Bharat Forge is investing Rs. 240 Crore in its wholly owned subsidiary, Kalyani Strategic Systems Limited, via a rights issue of equity shares.
- Value
- ₹240.0 Cr
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Bharat Forge is investing Rs. 240 Crore in its wholly owned subsidiary, Kalyani Strategic Systems Limited, via a rights issue of equity shares.
Bharat Forge Limited merged its wholly-owned subsidiary, Bharat Forge Holding GmbH, into Bharat Forge Global Holding GmbH. The restructuring simplifies the company's German legal structure.
Bharat Forge subsidiary Kalyani Powertrain Limited has completed the sale of its stake in joint venture REFU Drive GmbH. The transaction was valued at ₹0.14 Crore.
Bharat Forge subsidiary Kalyani Powertrain Limited has completed the divestment of its 50% equity stake in REFU Drive GmbH. REFU ceases to be a joint venture entity.
Bharat Forge Limited has approved a cash investment of ₹240 Crore in its wholly-owned subsidiary, Kalyani Strategic Systems Limited. The acquisition will be completed in tranches by March 2027.