Bharat Forge Completes Acquisition of RS Aerostructures Ltd, Gains 90% Stake
Bharat Forge Limited has completed the acquisition of a substantial stake in RS Aerostructures Limited (RSAL) through its wholly owned subsidiary, BF Industrial Solutions Limited (BFISL).The transaction involves acquiring 36,00,000 equity shares of Rs. 10/- each at par, representing 90% of the paid-up share capital of RSAL on a fully diluted basis.
With this acquisition finalized by BFISL, RS Aerostructures Limited has now become the Stepdown Subsidiary Company of Bharat Forge Limited. The completion of the acquisition solidifies the control held by Bharat Forge Limited over the company in which it acquired the stake.
BHARATFORG Stock Price Movement
Shares of Bharat Forge Limited today slipped by 1.06% to settle at ₹2122.8, marking a slight decline after trading activity concluded. The equity experienced sharp volatility throughout the day, which followed an earlier period where it had reached its 52-week high of ₹2167.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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