Investment8 May 2025, 09:21 pm
Bharat Forge Ltd. to Invest Up to INR 796.2 Million in Wholly Owned Subsidiary Kalyani Powertrain Limited
AI Summary
Bharat Forge Ltd. has announced an in-principle approval for making a further investment in its wholly owned subsidiary, Kalyani Powertrain Limited (KPTL). The proposed investment amount is not exceeding INR 796.2 Million (Rupees Seven Hundred and Ninety-Six Million and Two Hundred Thousand Only). The Board has delegated the necessary powers to the ‘Investment Committee — Strategic Business’ to determine the timing, quantum, mode, and other terms and conditions of the investment. The company will provide necessary intimations regarding the investment as and when due in accordance with the applicable provisions of the Listing Regulations.
Key Highlights
- Bharat Forge Ltd. to invest up to INR 796.2 Million in Kalyani Powertrain Limited
- The investment is proposed for Bharat Forge's wholly owned subsidiary KPTL
- The Board has delegated necessary powers to the ‘Investment Committee — Strategic Business’ for determining investment terms
- Investment timeline, quantum, mode, and other terms and conditions to be decided by the Investment Committee
- Necessary intimations regarding the investment will be provided by the company as and when due