Bharat Forge has made an investment in its wholly-owned subsidiary, Bharat Forge Global Holding GmbH (BFGH), contributing to its capital reserve. The investment amounts to Rs. 1,100.45 million / € 10 million. This move aims to support BFGH’s operations and investments in its manufacturing subsidiaries across Germany, Sweden, and France.
Investment Overview
Bharat Forge has invested Rs. 1,100.45 million (€10 million) in Bharat Forge Global Holding GmbH (BFGH), its wholly-owned subsidiary. The investment has been made by way of contribution to capital reserve. BFGH is based in Germany and serves as the holding company for Bharat Forge’s overseas investments.
Target Company Details
BFGH was incorporated on December 15, 2003. As of December 2024, BFGH had a turnover of €6.50 million. BFGH functions as a holding company with manufacturing subsidiaries in Germany, Sweden and France.
Related Party Transaction
This investment qualifies as a related party transaction. The terms of the investment are at arm’s length. The proposed investment will be completed by January 31st, 2026.
Shareholding
Following this investment, Bharat Forge will continue to hold 100% equity capital of BFGH.
BFGH Financial Performance
BFGH’s turnover for the last three years is as follows:
- January 2024 – December 2024: € 6.50 million
- January 2023 – December 2023: € 5.11 million
- January 2022 – December 2022: € 6.28 million
Source: BSE
