MM Forgings has agreed to make a strategic investment in Abhinava Rizel by subscribing to equity shares equivalent to 88% of the issued and paid-up share capital of the Investee Company. Towards this end, the Company at its meeting held on September 01, 2022 entered into a share subscription and shareholders agreement (SSHA) executed by MMF with the Investee Company, the Promoters and Existing Shareholders, to subscribe to the shares of Investee Company aggregating to 88% of the issued and paid up share capital of the Investee Company. M M Forgings, a publicly-traded global player in forgings, is investing in start-up to produce EV powertrain components.
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.
| Company Name | CMP |
|---|---|
| Bharat Forge | 1855.25 |
| Ramkrishna Forgings | 533.75 |
| MM Forgings | 460.80 |
| Happy Forgings | 1313.05 |
| Balu Forge Industrie | 484.85 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: