Varroc signs definitive agreements for 45% stake in Forsee Power
VARROC · price
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Varroc signed definitive agreements to invest in Forsee Power India, a maker of battery packs and management systems for electric vehicles. The cash deal for equity and preference shares will cost no more than EUR 4.5 million. On completion, Varroc will hold 295,398 equity shares, a 45% stake, and 80,380 preference shares. Completion is expected by December 31, 2026, subject to conditions. Forsee's FY2026 turnover was Rs 18.83 crore.
The investment expands Varroc's electric-vehicle battery exposure and may support growth, but closing and benefits remain conditional.