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.
Dylect, one of India’s fastest-growing lifestyle tech brands, announced the launch of its handheld cordless pressure washer gun, further strengthening its pressure washer portfolio. Built on the conce...
Nippon Paint India, part of NIPSEA Group - a subsidiary of Nippon Paint Holdings of Japan and Asia Pacific’s No. 1 paint and coatings manufacturer, announced the launch of FX10, a high-performance aut...
Maruti Suzuki India has announced the introduction of ‘Quickstop’, a compact, prefabricated service touchpoint designed for rapid deployment and minimal space usage.