Bharat Forge has completed the purchase of 23,594,274 equity shares of Kalyani Strategic Systems (KSSL), a subsidiary of the company from its existing shareholders, resulting in an increase in the company's stake in KSSL from 51% to 100%. Consequently, KSSL has become a wholly owned subsidiary of the Company with effect from February 28, 2022.
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.
