Investment30 Oct 2026, 06:01 pm
Bharat Forge Invests ₹403 Cr in Subsidiaries
AI Summary
Bharat Forge Ltd has completed further investments in its wholly owned subsidiaries. The company invested ₹2,400 Crores (₹2,40,00,00,000) in Kalyani Strategic Systems Limited (KSSL) through a rights issue, acquiring 24,00,00,000 equity shares. Subsequently, KSSL invested ₹1,630 Crores (₹1,63,00,00,000) in its wholly owned subsidiary, Agneyastra Energetics Limited (AEL), through a rights issue, acquiring 16,30,00,000 equity shares. These transactions took place on October 30, 2026, strengthening the capital base of its subsidiaries.
Key Highlights
- Bharat Forge invested ₹2,400 Crores in KSSL.
- KSSL invested ₹1,630 Crores in AEL.
- Investments were made via rights issue.
- Transactions completed on October 30, 2026.
Price Impact
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