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Bharat Forge concludes acquisition of 30.37% stake in TORK Motors

28 Feb 2018 Evaluate

Bharat Forge has completed Tranche I investment i.e. 30.37% (investment of 30.37% in 4,736 shares of Rs 10 each at a premium of Rs 21,103 each and; 2,841 preference shares of Rs 100 each at a premium of Rs 21,013), in TORK Motors, Pune, India.

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 1874.00
Ramkrishna Forgings 687.95
MM Forgings 597.00
Happy Forgings 2078.50
Balu Forge Inds. 498.45
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