Bharat Forge Ltd (BHARATFORG)
Intimation under Regulation 30 of SEBI Listing Regulations regarding acquisition by Bharat Forge Limited
Bharat Forge Limited to acquire 30% stake in Fortuna Engineering Pvt Ltd for Rs 129.6 Cr in Tranche 1. Fortuna specializes in machining connecting rods and camshafts for automotive/off-road applications. Bharat Forge may acquire up to 50%+1 stake subject to conditions. Acquisition aligns with strategy to strengthen machining capabilities and forward integration. Completion subject to regulatory approvals and conditions precedent.
Source: Original filing PDF
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