Wheels India has informed that the Board of Directors of the Company, at the meeting held today, approved the acquisition of 7,64,533 equity shares of Axles India from Forge 2000 Private Limited at a total consideration of Rs. 22.68 Crores. The proposed transaction is likely to be completed before 31st August 2025. The Audit Committee at its meeting held today approved the related party transaction arising in relation to acquisition of 7,64,533 shares.
The above information is a part of company’s filings submitted to BSE.
