Bharat Forge Ltd makes further investment in associate company
Posted On: 2021-03-09 08:55:35 (Time Zone: Arizona, USA)
Bharat Forge Ltd has made further investment of Rs.4 crores in its associate company - Aeron Systems Private Limited (Aeron) by way of purchasing 39,000 equity shares of face value Rs.10/- each at a premium of Rs. 1,015.64/- in accordance with the terms of Shareholders Agreement with Aeron and its founders.
Consequently, the Company s stake in Aeron has been increased from 26% to 36% (fully diluted).
Shares of BHARAT FORGE LTD. was last trading in BSE at Rs.610.4 as compared to the previous close of Rs. 619.2. The total number of shares traded during the day was 75946 in over 2391 trades.