Bharat Forge Ltd has informed after the stock market close on Thursday that the company has approved investment of up to 15 million euros (about Rs 1,600 crore) in its fully owned Germany-based subsidiary Bharat Forge Global Holding GmbH (BFGH). This investment will be made in the form of equity capital and is aimed at strengthening foreign investment and supporting the group’s global activities. Even after the investment, the company will continue to own 100 percent shares of BFGH. The company said that this transaction is a related party transaction, but it will be done on an arms-length basis.
Bharat Forge, Bharat Forge Global Holding GmbH, BFGH, German subsidiary, overseas investment, equity infusion, capital investment, global operations, related party transaction – Markets
