Happy Forgings (HFL) has incorporated a Wholly Owned Subsidiary Company by the name of ‘HFL Technologies’. The Subsidiary will be engaged in manufacturing of auto components. Further, the company will invest up to Rs 100 crore in the form of equity shares, preference shares or unsecured loan in the wholly owned subsidiary. The Company will own 100% of the shareholding in the new entity.
Happy Forgings is principally engaged in manufacturing of forgings and related components.