Bharat Forge Limited's subsidiary acquires 90% stake in RS Aerostructures Limited
Bharat Forge · Auto Components
Key highlights
- BF Industrial Solutions Limited, a wholly owned subsidiary of Bharat Forge, acquired 36,00,000 equity shares of RS Aerostructures Limited.
- The shares acquired represent 90% of the paid-up share capital of RS Aerostructures Limited on a fully diluted basis.
- RS Aerostructures Limited has become a step-down subsidiary of Bharat Forge Limited following the acquisition.
Why it's rated notable: The completed acquisition of a 90% stake in RSAL is binding, but the filing states no consideration or value, so the level stays at medium.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.
