Bharat Forge has completed acquisition of 27,08,754 equity shares of Rs 10 each at a premium of Rs 478.45 each (30% on fully diluted basis) subject to final adjustments in Fortuna Engineering (FEPL) in First Tranche investment (Tranche I). Consequent to the above, FEPL has now become the Associate Company of Bharat Forge.
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.
