MM Forgings’ board has considered and approved the signing of share purchase agreement and acquisition of Cafoma Autoparts. The investment would result in business synergy and enhance the current business operation of the Company and its potential expansion. Post transaction, MM Forgings will hold 100% of Cafoma Autoparts. The target company shall become a wholly owned subsidiary of MM Forgings. The board of directors of the company at its meeting held on October 15, 2021, has considered and approved the same.
MM Forgings engages in the manufacture and sale of iron and steel forgings in India. The company offers steel forgings in raw, semi-machined, and fully machined stages in various grades of carbon, alloy, micro alloy, and stainless steels.
