Sundaram Finance Holdings Limited — JV/Acquisition, 17-03-2025: Acquisition

Sundaram Finance Holdings Limited has completed the acquisition of 2,000,000 equity shares, representing a 100% stake in Forge 2000 Private Limited, for ₹16.00 Cr at ₹80 per share. Forge 2000, now a wholly owned subsidiary, operates in the manufacturing of forged components for the automobile industry, with a turnover of ₹26.90 Cr. This strategic move aims to enhance operational capabilities and expand market presence in the automotive sector. The acquisition is expected to bolster Sundaram’s offerings and drive growth, reinforcing its position in the manufacturing domain.