Acquisitions6 Jan 2026, 06:10 pm
Bharat Forge Completes Tranche Investment in Sunsure Energy SPVs
AI Summary
Bharat Forge Ltd has completed the tranche investment in special purpose vehicles (SPVs) of Sunsure Energy Private Limited. The investment was made by the company's wholly-owned step-down subsidiary, J S Auto Cast Foundry India Private Limited, and wholly-owned subsidiary, Kalyani Centre for Precision Technology Limited. JS Auto has acquired 20,580 equity shares of Rs. 10/- each at a premium of Rs. 1,240/- each in Sunsure Solarpark Twenty-Three, which amounts to a 31.57% stake on a fully diluted basis.
Key Highlights
- Bharat Forge completes tranche investment in Sunsure Energy SPVs
- Investment made by J S Auto Cast Foundry India Private Limited and Kalyani Centre for Precision Technology Limited
- JS Auto acquires 20,580 equity shares in Sunsure Solarpark Twenty-Three
- Shares acquired at a premium of Rs. 1,240/- each
- 31.57% stake on a fully diluted basis acquired by JS Auto