Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Kalyani Strategic System has subscribed to 1 lakh equity shares of Rs 10 each in a newly incorporated company. KSSL holds 100% shareholding (99.94% directly and 0.06% through nominees). Consequently, Agneyastra Energetics becomes a step-down subsidiary of the company.
Bharat Forge (BFL), a Pune-based Indian multinational, is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defense and aerospace.
The company’s consolidated net profit jumped 19.5% to Rs 282 crore despite a 7.5% decline in net sales to Rs 3,852.60 crore in Q4 FY25 over Q4 FY24.
The scrip declined 1.07% to settle at Rs 1,298.55 on the BSE.
The final equity value is subject to Net Working Capital adjustments as of 30 June 2025.
The company added, 'We are acquiring an entity which has a formidable name in the automotive products space supplying to all major OEM across traditional and New Mobility technology. This acquisition will enable us to complement our component offerings with products solutions to OEMs in India & Globally.'
The company said the acquisition will enable to complement its component offerings with products solutions to OEMs in India & Globally.
On 17 October 2024, the company had entered into a share purchase agreement to acquire 100% stake in AAM India Manufacturing. As part of the transaction, Bharat Forge will take over AAMIMCPL’s commercial vehicle (CV) axle business, including its manufacturing facilities in Pune and Chennai, as well as the Pune Engineering & Development Centre.