Cresta Fund has offloaded 3.85 lakh shares of Ahmednagar Forgings through the open market route. The shares were sold on an average price of Rs 327.26 valuing the transaction to Rs 12.60 crore.
Ahmednagar Forgings (AFL) is a manufacturer of forging and machined automotive components, cold forged parts and high tensile fasteners. AFL operates four plants; two of them are located at Ahmednagar, Maharashtra and the other two near Pune, Maharashtra.