In continuation to the announcement of 17th October, 2024, and post receiving approval from CCI on 22nd April, 2025 for the transaction, Bharat Forge Ltd (BFL ) has successfully concluded the acquisition of AAM India Manufacturing Private Limited (AAM India) at an equity value of Rs 7,464.6 million including cash on books of the acquired entity of Rs 1,894.8 million. This cash is available for addressing future growth opportunities.
The final equity value is subject to Net Working Capital adjustments as of June 30, 2025.
“We are acquiring an entity which has a formidable name in the automotive products space supplying to all major OEM across traditional and New Mobility technology. This acquisition will enable us to complement our component offerings with products solutions to OEMs in India & globally”, a company’s press statement said.
Following to the launch of the Tesla Center in Gurugram, Tesla has now announced the opening of its first Tesla charging station in Gurugram at DLF Horizon Center.
Dylect, one of India’s fastest-growing lifestyle tech brands, has announced the launch of Flow Prime, a powerful yet compact pressure washer designed to bring professional-grade cleaning into everyday...
Studds Accessories has announced the launch of the Jet Toxic, an all-new graphics that blends youthful design with. Jet Toxic is developed on the company’s popular Jet model, retaining its dependable ...