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Bharat Forge divests 50% stake in Impact Automotive Solutions

08 Sep 2014 Evaluate

Bharat Forge has divested its 50 per cent stake in Impact Automotive Solutions, which was formed in 2010 as a joint venture with KPIT Technologies. The stake has been sold to KPIT Technologies for Rs 10.80 crore. The initial investment was Rs 14.91 crore.

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

 

Peers
Company Name CMP
Bharat Forge 1913.70
Ramkrishna Forgings 701.00
MM Forgings 622.75
Happy Forgings 2142.65
Balu Forge Inds. 510.10
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