Bharat Forge (BHARATFORG) — Announcement

📢 Key Event
Kalyani Powertrain to sell 50% stake in REFU Drive GmbH to REFU Elektronik GmbH

🔄 What Changed
Stake disposal completes joint venture status

🔮 What's Next
Within 6 weeks from agreement date

💡 Investor Takeaway
Shareholders see a clean exit from a non-core, loss-making JV with no promoter link.

Bharat Forge announced that its subsidiary Kalyani Powertrain will sell its 50% stake in German joint venture REFU Drive GmbH to REFU Elektronik GmbH for EUR 12,500, completing within six weeks. The transaction is an arm's length related party deal with no promoter buyer involvement, and the stake contributed negligible revenue and negative net worth to the parent company's last financials.

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About Bharat Forge Limited (BHARATFORG)

Automobile and Auto Components · Auto Components · Listed on NSE

Market Cap: ₹91,463.14 Cr P/E: 99.6

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📊 More BHARATFORG filings

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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