ALFA Filings
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Sona BLW Precision Forgings entered a Share Subscription Agreement with DENSO Corporation, transforming its subsidiary Sona eDrive into a joint venture valued at ₹1,750 Crore.
Sona BLW signed a joint venture agreement with Denso Corporation to incorporate a new entity. The company will invest ₹26.215 Crore for a 49% stake.
Sona Comstar signed agreements with DENSO Corporation to form two joint ventures in India, focusing on developing and manufacturing electric powertrain systems.
Sona BLW will transfer its EV business to Sona eDrive via a slump sale for ₹893.2 Crore and form a joint venture with DENSO.