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Bharat Forge’s arm inks pact to acquire 51% stake in Ferrovia

02 Mar 2023 Evaluate

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.

Bharat Forge Share Price

1859.95 4.70 (0.25%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharat Forge 1859.95
Ramkrishna Forgings 535.30
MM Forgings 463.25
Happy Forgings 1336.75
Balu Forge Industrie 486.20
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