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Bharat Forge to acquire 26% stake in Aeron Systems

Capital Market 

Bharat Forge has entered into a Share Subscription Agreement with Aeron Systems and its founders on 21 May 2019 agreeing to subscribe to 97,500 equity shares of Rs. 10 each for a stake of 26%, which are agreed to be subscribed in three tranches.

The total consideration of purchase of 26% stake in Aeron is agreed at Rs 10 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 22 2019. 13:18 IST
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