Balance 26% stake to be divested on receipt of customer approvals for certain projects
Bharat Forge has divested 23% of its stake holding in power equipment JV with GE (erstwhile Alstom), Alstom Bharat Forge. The transaction for the balance 26% equity would be consummated upon receipt of customer approvals for certain projects. Pending this, the Company has received the entire amount of USD 35 million on agreed terms of sale.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content