Bharat Forge has informed that the Company has entered into a Share Purchase Agreement (‘SPA’) for potential acquisition of 100% shareholding of JS Auto Cast Foundry India (‘JS Auto’), a Coimbatore based casting and machining Company through its wholly-owned subsidiary - BF Industrial Solutions (‘BFISL’). The completion of acquisition shall be subject to fulfilment of conditions precedent and in accordance with the terms agreed upon in the SPA. The Press Release being issued by the Company in this regard is enclosed. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD4/2015 dated September 09, 2015, are also enclosed in Annexure A.
The above information is a part of company’s filings submitted to BSE.
