Bharat Forge Limited has informed the Exchange regarding a press release dated July 02, 2025, titled "Bharat Forge successfully completes acquisition of AAM India Manufacturing Private Limited".
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Bharat Forge has successfully completed the acquisition of 100% stake in AAM India Manufacturing Private Limited, an automotive products supplier serving major OEMs in traditional and new mobility segments. The deal was done at an equity value of Rs 7,464.6 million, which includes Rs 1,894.8 million in cash already on AAM India's books, available for future growth. The company had received approval from the Competition Commission of India (CCI) on April 22, 2025, after first announcing the deal in October 2024. The final equity value remains subject to net working capital adjustments as of June 30, 2025. This acquisition is aimed at strengthening Bharat Forge's component offerings to OEM customers in India and globally.
This acquisition expands Bharat Forge's automotive product portfolio and customer reach in both traditional and electric mobility segments, which could support future revenue growth. Shareholders should watch for integration updates and any short-term impact on cash flows due to the ~Rs 5,570 million net cash outflow.