Bharat Forge provides an update on its acquisition of equity shares in Sunsure Solarpark Twenty-Three Private Limited through its subsidiary, JS Auto. The company has completed Tranche I investment and has acquired 20,580 equity shares at a premium of ₹1,240 per share. This translates to a 31.57% stake on a fully diluted basis.
Acquisition of Equity Shares
Bharat Forge has announced the completion of Tranche I investment via its subsidiary, JS Auto, related to the acquisition of equity shares in Sunsure Solarpark Twenty-Three Private Limited. This acquisition was initially proposed in an earlier intimation dated September 20, 2024.
Details of Acquisition
Through JS Auto, Bharat Forge has acquired 20,580 equity shares of Sunsure Solarpark Twenty-Three Private Limited. The shares have a face value of ₹10 each and were acquired at a premium of ₹1,240 per share. This acquisition results in JS Auto holding 31.57% of Sunsure Solarpark Twenty-Three Private Limited, on a fully diluted basis.
Source: BSE
