Bharat Forge Limited — Important, 28-02-2025: Updates

Bharat Forge has provided an update regarding its acquisition of equity shares in special purpose vehicles of Sunsure Energy Private Limited. The company, along with its subsidiaries J S Auto Cast Foundry India Private Limited and Kalyani Centre for Precision Technology Limited, has completed its Tranche II investment. This involves the acquisition of 7,762 equity shares in Sunsure Solarpark Twenty Eight Private Limited at a price of Rs. 1,250 per share (inclusive of a premium). Following this transaction, the total shareholding of Bharat Forge and its subsidiary KCPTL in the SPV has increased to 15.52% on a fully diluted basis. This move highlights the company’s strategic focus on renewable energy investments, potentially positioning it favorably in the expanding green energy market.