Bharat Forge to acquire 30% stake in Fortuna Engineering for Rs. 129.60 Cr

Listed Co AcquisitionStrategic Transactions View source PDF

BHARATFORG · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.2%1-day move

₹1890.00

prior close

₹1912.30

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.2-0.3-0.3-0.4-1.2-0.6+5.7+5.0+4.8+3.3+1.7+2.2+13.1—

Up moveDown movePending

AI summary

Bharat Forge will acquire a 30% stake in Fortuna Engineering Pvt Ltd (FEPL) for Rs. 129.60 Cr in cash, with an option to buy an additional 20%+1 share to take total holding to 50%+1 (majority) in later tranches. FEPL, based in Nashik and incorporated in 1989, makes machined connecting rods, camshafts and fixtures for auto and off-road applications, with FY25 sales of Rs. 322.50 Cr and net worth of Rs. 173.15 Cr. Not a related-party deal. Aimed at strengthening machining capabilities and forward integration.

Likely market impact

Minority stake now with path to majority control; supports Bharat Forge's machining and forward-integration strategy. Deal is small relative to Bharat Forge's size.