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The strategic move, approved by the company’s Investment Committee on December 24, will help the subsidiary and its European units address outstanding borrowings and strengthen their financial position.
BFGH, headquartered in Germany, was established in 2003 and serves as Bharat Forge’s holding company for international investments across Germany, Sweden, and France. The subsidiary reported a turnover of €5.11 million ( approximately ₹45 crore) for the financial year ending December 2023.
The infusion aligns with Bharat Forge’s previously outlined plans in its Qualified Institutional Placement (QIP) document, further consolidating its global operations.
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In addition to its European ventures, Bharat Forge maintains a robust presence across automotive, energy, construction, aerospace, defence, and other industries.
This investment underscores the Pune-based company’s commitment to enhancing its overseas businesses and maintaining a competitive edge in key global markets.
The equity infusion is expected to be completed by December 31, 2024.
Shares of Bharat Forge closed at ₹1,322.90, up ₹24.35 or 1.88%, on Tuesday. The rally followed the company’s announcement yesterday regarding a ₹500 crore investment in its American subsidiary, Bharat Forge America.
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