Bharat Forge to transfer its stake in Refu (JV) to Kalyani Powertrain

Image
Capital Market
Last Updated : Jun 20 2022 | 4:31 PM IST

As part of internal restructuring of E-mobility vehicles business

Bharat Forge has approved the transfer of the Company's stake in Refu Drive GmbH (Refu), Joint Venture (JV) company, to Kalyani Powertrain (KPL) (wholly owned subsidiary of the company) subject to receipt of necessary approval from regulatory authorities. The decision is part of the company's initiative to consolidate its electric vehicle business under KPL.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 20 2022 | 4:10 PM IST

Next Story