Bharat Forge Limited has approved an infusion of €39 million (approximately ₹345.58 crore) into its wholly owned subsidiary, Bharat Forge Global Holding GmbH (BFGH), based in Germany. This decision was made during a meeting of the company’s Investment Committee on December 24, 2024. The funds will be allocated to BFGH as equity capital to support […]
Bharat Forge Limited has announced the successful completion of its Qualified Institutional Placement (QIP), raising ₹1,650 crores. The QIP concluded on December 9, 2024, and involved the issuance of shares at ₹1,320 per share, slightly below the regulatory floor price of ₹1,323.54 per share. According to the press release issued by the company, the offering […]
Bharat Forge Limited (BFL) has reached a definitive agreement to acquire the commercial vehicle axle business of American Axle & Manufacturing Holdings, Inc. (AAM) in India for $65 million. The sale includes AAM India Manufacturing Corporation Pvt. Ltd. (AAMIMCPL) and is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close […]
Bharat Forge Limited has announced a definitive agreement to acquire AAM India Manufacturing Corporation Private Limited (AAMIMCPL), a subsidiary of American Axle & Manufacturing Holdings, Inc. (AAM), for an enterprise value of Rs. 5,445.30 million, pending customary closing adjustments and regulatory approvals. Established in 2008, AAMIMCPL manufactures axles for light, medium, and heavy-duty commercial trucks […]
Kalyani Strategic Systems Ltd, a wholly owned subsidiary of Bharat Forge Ltd, has announced plans to collaborate with US defense companies AM General and Mandus Group LLC to co-develop and co-produce next-generation artillery gun platforms. The collaboration aims to address the increasing demand for modern light artillery systems by global militaries. The companies will focus […]