Investment31 Jan 2025, 11:31 pm
Bharat Forge Invests Additional Rs. 820 Million in Wholly Owned Subsidiary Kalyani Powertrain Limited
AI Summary
Bharat Forge Ltd. has approved additional investment in Kalyani Powertrain Limited (KPTL), a wholly owned subsidiary dealing with electric vehicle (EV) and e-mobility initiatives. The investment of Rs. 820 million will support KPTL in repaying certain outstanding borrowings and will be completed by February 10, 2025. Bharat Forge will continue to hold 100% shareholding in KPTL.
Key Highlights
- Bharat Forge to invest an additional Rs. 820 million in Kalyani Powertrain Limited (KPTL)
- Investment to support KPTL in repaying certain outstanding borrowings
- Completion of the investment is expected by February 10, 2025
- Bharat Forge to continue holding 100% shareholding in KPTL
- KPTL is a public limited company incorporated in 2020, focusing on EV and e-mobility solutions