Bharat Forge to transfer its stake in Refu (JV) to Kalyani Powertrain
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
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First Published: Jun 20 2022 | 4:10 PM IST