Acquisition

Bharat Forge has completed the acquisition of a 30% stake in Fortuna Engineering Private Limited (FEPL). The company invested approximately Rs. 132.3 crore to acquire 27,08,754 equity shares, securing 30% on a fully diluted basis.

This makes FEPL an Associate Company of Bharat Forge, which will impact its financial reporting as FEPL's results will now be integrated via the equity method.

This strategic investment marks a notable expansion for Bharat Forge.