Mahindra CIE Automotive concludes acquisition of BFPL

27 Oct 2016 Evaluate

Mahindra CIE Automotive has completed the acquisition of all the shares in Bill Forge (BFPL) from the respective shareholders. Pursuant to this, BFPL has become a wholly owned subsidiary of the company.

Earlier, the company’s board on September 12, 2016, had approved 100% acquisition of BFPL and authorized the company signing of the acquisition agreement.

Mahindra CIE Automotive is an auto components supplier with presence in many technologies, which include forgings, castings, stampings, magnetic products and composites.



Mahindra CIE Auto. Share Price

350.60 6.50 (1.89%)
31-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Bharat Forge 770.10
Mahindra CIE Auto. 350.60
Ramkrishna Forgings 286.25
MM Forgings 833.00
Kalyani Forge 222.00
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