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Bharat Forge makes further investment in Aeron Systems

10 Mar 2021 Evaluate

Bharat Forge has made further investment of Rs 4 crore in its associate company - Aeron Systems by way of purchasing 39,000 equity shares of face value Rs 10 each at a premium of Rs 1,015.64 in accordance with the terms of Shareholders Agreement with Aeron and its founders. Consequently, the company's stake in Aeron has been increased from 26% to 36% (fully diluted).

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 1744.00
Ramkrishna Forgings 764.55
MM Forgings 622.45
Happy Forgings 1810.75
Balu Forge Inds. 534.15
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