Joint Venture17 Jul 2025, 05:44 pm
Bharat Forge Ltd Subsidiary, Kalyani Strategic Systems, Incorporates Aegis Advanced Systems SL in Spain
AI Summary
Bharat Forge Ltd announced the incorporation of a step-down subsidiary, Aegis Advanced Systems SL, in Spain by its wholly-owned subsidiary, Kalyani Strategic Systems Limited (KSSL). The new joint venture with Duma Engineering Group S.L. aims to develop technology, product platforms, and solutions for defence products targeting Indian, European, and certain other export markets.
Key Highlights
- Bharat Forge's subsidiary, KSSL, incorporates a new joint venture company, Aegis Advanced Systems SL, in Spain
- The joint venture with Duma Engineering Group S.L. aims to develop defence technology, product platforms, and solutions
- The new venture targets Indian, European, and certain other export markets
- Aegis Advanced Systems SL is a newly incorporated company with an authorized capital of EUR 3,000 and issued, subscribed, and paid-up capital of EUR 3,000
- KSSL initially subscribes to 90% of the share capital (EUR 2,700) in cash