Bharat Forge’s wholly owned subsidiary -- BF Infrastructure (BFIL) has executed a Share Purchase Agreement on February 28, 2023, with PNC Infratech (PNC) and Ferrovia Transrail Solutions (Ferrovia) for purchase of 51% shareholding in Ferrovia. Subsequent to the aforesaid acquisition, BFIL’s shareholding in Ferrovia will increase from 49% to 100% resulting in Ferrovia becoming a wholly owned subsidiary of BFIL and step-down subsidiary of the company. The transaction is expected to be completed on March 2, 2023.
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.
