Latest news with #AAMIndiaManufacturing
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Business Standard
02-07-2025
- Business
- Business Standard
Bharat Forge acquires AAM India Manufacturing for ₹746.46 crore
Defence major Bharat Forge Limited (BFL) acquired 100 per cent stake in AAM India Manufacturing, the company announced in an exchange filing. Pune-based Bharat Forge acquired AAM India Manufacturing at an equity value of ₹746.46 crore. The acquired company has ₹189.48 crore cash on its books, which will be used to support future growth of the company. ''The final equity value is subject to net working capital adjustments as of June 30, 2025'', the company said. AAM India Manufacturing is an axle manufacturer of light, medium and heavy commercial vehicles in India. The company operates major manufacturing facilities in Pune and Chennai, as well as an engineering and development center in Pune. The Competition Commission of India (CCI) had approved the proposed acquisition on April 22, 2024. Bharat Forge is an engineering and manufacturing company, specialising in forged and machined components for the automotive, industrial, and defense sectors. Internal restructuring In June, Bharat Forge Limited had conducted internal restructuring by transferring its defence business to its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL). As part of the exercise, Bharat Forge signed an agreement to transfer BFL's certain defence assets to KSSL. This transfer is being executed at fair market value as determined by an independent valuer. In return, KSSL will issue Optionally Convertible Redeemable Preference Shares (OCRPs) to Bharat Forge as consideration for the transaction.
Business Standard
02-07-2025
- Automotive
- Business Standard
Bharat Forge gains after acquiring AAM India manufacturing
Bharat Forge rose 1.95% to Rs 1,309.40 after the company acquired AAM India Manufacturing (AAMIMCPL) at an equity value of Rs 746.46 crore. The equity value includes cash on books of the acquired entity of Rs 189.48 crore. This cash is available for addressing future growth opportunities. The company said the acquisition will enable to complement its component offerings with products solutions to OEMs in India & Globally. On 17 October 2024, the company had entered into a share purchase agreement to acquire 100% stake in AAM India Manufacturing. As part of the transaction, Bharat Forge will take over AAMIMCPLs commercial vehicle (CV) axle business, including its manufacturing facilities in Pune and Chennai, as well as the Pune Engineering & Development Centre. Bharat Forge (BFL), a Pune-based Indian multinational, is a technology driven global leader in providing high performance, innovative safety critical components and solutions for several sectors including automotive, power, oil and gas, construction & mining, rail, marine, defense and aerospace. The companys consolidated net profit jumped 19.5% to Rs 282 crore despite a 7.5% decline in net sales to Rs 3,852.60 crore in Q4 FY25 over Q4 FY24.
Business Standard
02-07-2025
- Automotive
- Business Standard
Bharat Forge completes acquisition of AAM India Manufacturing
Bharat Forge has successfully concluded the acquisition of AAM India Manufacturing (AAM India) at an equity value of Rs 746.46 crore including Cash on books of the acquired entity of Rs 189.48 crore. This cash is available for addressing future growth opportunities. The final equity value is subject to Net Working Capital adjustments as of 30 June 2025. The company added, "We are acquiring an entity which has a formidable name in the automotive products space supplying to all major OEM across traditional and New Mobility technology. This acquisition will enable us to complement our component offerings with products solutions to OEMs in India & Globally."
