Bharat Forge has announced a significant investment of Rs 1,600.35 million (€ 15 million) in its wholly owned subsidiary, Bharat Forge Global Holding GmbH (BFGH), based in Germany.
The investment, aimed at enhancing the capital reserve of BFGH, is structured as an equity capital infusion. BFGH, incorporated on December 15, 2003, serves as the holding company for Bharat Forge’s overseas investments, with interests in manufacturing subsidiaries located in Germany, Sweden, and France. The investment will maintain Bharat Forge’s 100% equity control over BFGH.
BFGH reported a turnover of € 6.50 million for the year ending December 2024, reflecting its role in managing international ventures. The transaction is categorised as a related party transaction, conducted on an arm’s length basis, with Bharat Forge executives Mr. Amit Kalyani, Mr. Subodh Tandale, and Mr. Dipak Mane serving on BFGH’s Advisory Board. The investment is set to be finalised by March 11, 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).