Bharat Forge Subsidiary Divests 50% Stake in REFU Drive GmbH
Bharat Forge Limited's wholly owned subsidiary, Kalyani Powertrain Limited (KPTL), has agreed to sell its entire equity stake in REFU Drive GmbH. The sale was finalized through a Definitive Agreement dated July 22, 2026.The transaction involves KPTL transferring its 50% equity share held in REFU Drive GmbH to REFU Elektronik GmbH.
Upon the completion of this divestment, REFU will no longer operate as a joint venture involving KPTL. The consideration for this sale has been set at EUR 12,500.00 and is expected to be received upon closing. The transaction is slated for completion within six weeks from the date of the agreement.
The buyer in this deal is REFU Elektronik GmbH, an entity based in Pfullingen, Germany, specializing in power electronics, solar photovoltaic (PV) inverters, battery energy storage systems, and energy management solutions.
This transfer constitutes a related party transaction between KPTL and REFU Elektronik GmbH. The sale was determined on an "arm's length" basis following an independent valuation report.
Key details concerning the unit being sold are summarized below:
| Particulars | Details |
|---|---|
| Agreement Date | July 22, 2026 |
| Buyer | REFU Elektronik GmbH (Pfullingen, Germany) |
| Stake Being Sold | 50% equity stake in REFU Drive GmbH |
| Consideration for Sale | EUR 12,500.00 |
| Expected Completion Date | Within 6 weeks from the agreement date |
REFU Drive GmbH’s financial standing during the last financial year included a reported Revenue of Euro 14,418,688 and a Net Worth of Euro (3,226,560).
BHARATFORG Stock Price Movement
Shares of Bharat Forge Limited are slipping as of 9:50 AM, trading down by 0.54% to stand at ₹2173.80 after shedding ₹11.70 in value. The stock is currently trading within a tight intraday range, having touched a low of ₹2170.1 and a high of ₹2202.8.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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