Bharat Forge Limited has informed the Exchange about Acquisition
BHARATFORG · price
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Bharat Forge Limited has completed the acquisition of 30% stake in Fortuna Engineering Private Limited (FEPL) through purchase of 27,08,754 equity shares. Each share was acquired at Rs. 10 face value plus a premium of Rs. 478.45, making the total acquisition price approximately Rs. 132.3 crore. This is the First Tranche investment and follows an earlier intimation made on April 30, 2026. With this acquisition, FEPL has become an Associate Company of Bharat Forge Limited. The deal remains subject to final adjustments.
This acquisition strengthens Bharat Forge's portfolio by adding an associate company, potentially expanding its capabilities in engineering. For shareholders, this represents continued inorganic growth strategy, though the relatively small 30% stake means limited immediate impact on consolidated financials.