Sona BLW Precision Forgings approves carve-out of EV Business and new JV with Denso
Sona BLW Precision Forgings · Auto Components
Key highlights
- EV Business transferred to Sona Comstar eDrive by slump sale for aggregate consideration of INR 8,932 million, of which cash is INR 8,575 million.
- DENSO to acquire 49% of Sona Comstar eDrive at an enterprises value of INR 17,500 million; the Company to hold 51%.
- JV2, yet to be incorporated, will have DENSO at 51% and the Company at 49%, with aggregate investment of INR 535 million, for liquid-cooled traction motors for 4 wheeler and more than 4 wheeler applications.
Why it's rated notable: amount is ₹500 crore or more
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Board Meeting Outcome for Outcome Of The Board Meeting And Intimation Under Reg 30 Of SEBI (LODR) Regulations, 2015
Read the filing on BSE (PDF) →Companies guiding to strong growth
Ranked by management's own guidance on revenue and margins — not by us.
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More from Sona BLW Precision Forgings
- Financial resultsNotableSona BLW Q1 consolidated profit 1,785.13 million; signs DENSO EV JV agreements
- Acquisition / mergerNotableSona Comstar partners with DENSO for joint ventures in electric and hybrid powertrains
- Dividend / buyback / bonusNotableSona Comstar Q4 standalone profit 2,073.41 million; final dividend Rs. 1.80 proposed
- Financial resultsNotableSona Comstar gets unmodified audit opinion on FY2025-26 results; updates Seeyel stake
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Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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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.