Bharat Forge acquires 51% stake in Eternus

09 Apr 2019 Evaluate

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.

Bharat Forge Share Price

734.60 -15.35 (-2.05%)
Aug 19, 18:03 View Price Chart
Peers
Company Name CMP
Bharat Forge 734.60
Mahindra CIE Auto. 272.50
Ramkrishna Forgings 189.60
MM Forgings 928.95
Kalyani Forge 189.00
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