Sundaram Finance Holdings Limited — JV/Acquisition, 21-02-2025: Acquisition

Sundaram Finance Holdings Limited is set to acquire a 100% stake in Forge 2000 Private Limited for a total cost of up to ₹16 Cr, translating to ₹80 per share. Forge specializes in manufacturing forge components for the automobile industry and reported a turnover of ₹26.90 Cr in the last financial year. This acquisition, expected to complete before March 2025, will enhance Sundaram's market presence and operational capabilities in the automotive sector, positioning Forge as a wholly-owned subsidiary. The move aligns with Sundaram's strategy to diversify and strengthen its business portfolio.