Bharat Forge acquires 51% stake in Eternus

Bharat Forge has entered into a Share Subscription Agreement with Eternus Performance Materials (Eternus), Kolhapur, India and existing shareholders of Eternus on April 8, 2019.

Pursuant to the said agreement, the company has acquired 51% of equity shares of Eternus and consequently Eternus has become subsidiary of the company.

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.