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Bharat Forge shines on planning to acquire additional 49% stake in Kalyani Strategic Systems

18 May 2021 Evaluate

Bharat Forge is currently trading at Rs. 673.75, up by 18.65 points or 2.85% from its previous closing of Rs. 655.10 on the BSE.

The scrip opened at Rs. 663.00 and has touched a high and low of Rs. 689.05 and Rs. 657.85 respectively. So far 138519 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 689.05 on 18- May-2021 and a 52 week low of Rs. 263.15 on 18-May-2020.

Last one week high and low of the scrip stood at Rs. 689.05 and Rs. 641.80 respectively. The current market cap of the company is Rs. 31287.56 crore.

The promoters holding in the company stood at 45.76%, while Institutions and Non-Institutions held 37.11% and 16.85% respectively.

Bharat Forge is planning to purchase 49% stake in its subsidiary - Kalyani Strategic Systems (KSSL). Since KSSL holds Industrial License under the Arms Act, 1959 read with the Arms Rules, 2016, the said acquisition of shares shall be subject to prior approval of Ministry of Home Affairs / Department for Promotion of Industry and Internal Trade.

Currently the Company holds 51% stake in KSSL. After this acquisition, KSSL shall become a wholly owned subsidiary of the Company. KSSL is the holding Company for the defence vertical of Bharat Forge Group. This acquisition shall result in making it the wholly owned subsidiary of the Company which shall enable it to be eligible for participating in various defence programs.

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

1859.95 4.70 (0.25%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharat Forge 1859.95
Ramkrishna Forgings 535.30
MM Forgings 463.25
Happy Forgings 1336.75
Balu Forge Industrie 486.20
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