KPTL completes sale of full stake in REFU Drive GmbH joint venture

Strategic Transactions View source PDF Explain this filing

BHARATFORG · price

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹2055.70

prior close

₹2012.00

announcement price

In-mkt

timing

Nifty Midcap 150market-0.6%-1.3% vs market

Auto Components & Equipments peers, median of 122sector-1.1%-0.8% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Midcap 150 and 0.8 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.9-0.6-1.3-1.1-0.8

Next day

-3.6-0.1-3.5-0.6-3.0

-4.7-0.4-4.4-0.3-4.5

-5.2-0.8-4.4-0.2-5.0

-2.5-0.7-1.8-0.5-2.1

-3.7-1.1-2.6-0.6-3.1

-5.4-1.7-3.6-1.1-4.3

15d

-3.1-3.4+0.3-1.2-1.9

-10.8-6.4-4.4-4.5-6.4

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UpDownMarket · Nifty Midcap 150Sector · Auto Components & Equipments peers, median of 122Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bharat Forge's subsidiary Kalyani Powertrain Limited (KPTL) has completed the divestment of its entire 50 percent equity stake in REFU Drive GmbH by transferring it to REFU Elektronik GmbH. Consequently, REFU Drive GmbH has ceased to be a joint venture of KPTL. This is an update to the earlier intimation dated July 23, 2026.

Likely market impact

Subsidiary exits a non-core joint venture; cash inflow from sale, minimal impact on core forging business and shareholders.