Acquisitions30 Apr 2026, 05:11 pm
Bharat Forge to acquire 30% stake in Fortuna for ₹129.60 Cr
AI Summary
Bharat Forge Limited (BFL) announced the acquisition of a 30% equity stake in Fortuna Engineering Private Limited (FEPL) for an equity value of INR 129.60 crores, subject to final closing adjustments. Fortuna, established in 1989, is a leading manufacturer of precision-machined engine components for automotive and industrial applications, supplying major Indian OEMs across various vehicle segments. Both companies anticipate this strategic partnership will drive significant growth, enabling expansion into new products, customers, and geographies, and reinforcing the 'Make in India' initiative. The completion of the transaction is contingent upon customary conditions precedent and other applicable approvals.
Key Highlights
- Bharat Forge acquires 30% stake in Fortuna Engineering Private Limited.
- The acquisition is valued at ₹129.60 crores, subject to adjustments.
- Fortuna manufactures precision-machined engine components for automotive OEMs.
- Partnership aims to expand into new products, customers, and geographies.
- Transaction is subject to customary conditions and regulatory approvals.