Business Update10 Feb 2024, 02:34 am
Bharat Forge Limited to invest in Bharat Forge America Inc. for further investment in Bharat Forge Aluminum USA Inc.
AI Summary
Bharat Forge Limited has announced that it will invest in Bharat Forge America Inc. for further investment in Bharat Forge Aluminum USA, Inc. The investment is in the nature of related party transactions and will be on an arm's length basis. The company has obtained the requisite approvals for the acquisition, which is expected to be completed by February 15, 2024.,
Key Highlights
- Investment in Bharat Forge America Inc. for further investment in Bharat Forge Aluminum USA, Inc.
- Related party transactions on arm's length basis
- Obtained requisite approvals for the acquisition
- Expected completion by February 15, 2024