Acquisition / mergerFiled on BSE ·
Varroc Engineering approved acquisition of 45% stake in Forsee Power India Pvt Ltd
Varroc Engineering Ltd · Auto Components
What the filing says
- Varroc to acquire 2,95,398 equity shares (45% stake) and 80,380 optionally convertible redeemable preference shares (OCRPS) in Forsee
- Total initial consideration not exceeding €4.5 million, through cash payment, subject to conditions precedent, by December 31, 2026
- Forsee, incorporated July 6, 2020, operates in battery pack systems for electric mobility with FY23-26 turnover ranging ₹2.19 crore to ₹18.84 crore
Original filing
Board Meeting Outcome for Board Meeting Outcome October 16, 2026 - Acquisition Of Stake In Forsee
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Revenue growth 40%+Margin up 2%+
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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.