Wheels India has received approval for acquisition of 7,64,533 equity shares of Axles India from Forge 2000 at a total consideration of Rs 22.68 crore. The proposed transaction is likely to be completed before August 31, 2025. The company currently holds 9.51% of the share capital of Axles India and with this acquisition, the shareholding percentage increase will from 9.51% to 12.51%. The board of directors in its meeting held on June 25, 2025 have approved the same.
Wheels India engages in the design, manufacture, and sale of automobile wheels in India.
