Bharat Forge Subsidiary Completes 90% Stake Acquisition in RS Aerostructures

Bharat Forge Limited announced that its wholly-owned subsidiary, BF Industrial Solutions Limited (BFISL), has successfully completed the acquisition of a 90% stake in RS Aerostructures Limited (RSAL). This acquisition involved the purchase of 36,00,000 equity shares of Rs. 10/- each at par, representing 90% of RSAL's paid-up share capital on a fully diluted basis. Consequently, RSAL has now become a step-down subsidiary of Bharat Forge Limited. This strategic move is expected to bolster Bharat Forge's presence in the aerospace and defence sector.