Acquisitions8 May 2026, 05:31 pm
Bharat Forge Completes 30% Stake Acquisition in Fortuna Engineering
AI Summary
Bharat Forge Ltd has completed the acquisition of 27,08,754 equity shares of ₹10 each at a premium of ₹478.45 each in Fortuna Engineering Private Limited (FEPL) as part of the First Tranche investment (Tranche I). This acquisition represents 30% on a fully diluted basis, subject to final adjustments. Consequently, FEPL has become an Associate Company of Bharat Forge Limited.
Key Highlights
- Bharat Forge acquires 30% stake in Fortuna Engineering Private Limited.
- Acquisition completed via purchase of 27,08,754 equity shares.
- Share purchase at a premium of ₹478.45 per share.
- Fortuna Engineering now an Associate Company of Bharat Forge.