Joint Venture27 Mar 2025, 08:53 pm
Bharat Forge Subsidiary Kalyani Strategic Systems Limited Enters Joint Venture with Duma Engineering Group S.L.
AI Summary
Bharat Forge Ltd. has announced that its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), has signed a joint venture agreement with Duma Engineering Group S.L. (DUMA) on March 27, 2025. The joint venture aims to develop technology, product platforms, and solutions for defense products, targeting Indian, European, and certain other export markets. KSSL will hold 90% equity stake, while DUMA will hold 10% in the new joint venture company in Spain. The transaction does not involve any related parties and the necessary details will be disclosed in subsequent disclosures as required by regulations.
Key Highlights
- Bharat Forge's subsidiary, Kalyani Strategic Systems Limited, has entered into a joint venture with Duma Engineering Group S.L.
- The joint venture aims to develop technology, product platforms, and solutions for defense products targeting Indian, European, and certain other export markets.
- KSSL will hold 90% equity stake and DUMA will hold 10% in the new joint venture company in Spain.
- The transaction does not involve any related parties.
- Subsequent disclosures will provide necessary details as required by regulations.