Divestment2 Sept 2026, 11:38 am
Bharat Forge completes divestment of 50% stake in REFU Drive GmbH
AI Summary
Bharat Forge Ltd, through its subsidiary Kalyani Powertrain Limited (KPTL), has completed the divestment of its entire 50% equity stake in the joint venture REFU Drive GmbH (REFU) to REFU Elektronik GmbH. Consequently, REFU is no longer a joint venture of KPTL. This action amends previous disclosures made on July 23, 2026, regarding the divestment. The company has taken this development on record.
Key Highlights
- KPTL has divested its entire 50% equity stake in REFU Drive GmbH.
- REFU Drive GmbH is no longer a joint venture of KPTL.
- The divestment was completed by transferring the stake to REFU Elektronik GmbH.
- Previous disclosures regarding the divestment are amended.
Price Impact
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