Bharat Forge has entered into an Investment Agreement on June 11, 2018 with Tevva Motor (Jersey) (TEVVA), Bharat Forge International, UK and existing shareholders of TEVVA.
Pursuant to the said Agreement, the company has acquired 34.53% and Bharat Forge International, UK, (a wholly-owned subsidiary of the company) has acquired 0.73% stake in TEVVA, aggregating to combined stake of 35.26%.
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.
