For total consideration of USD 14 million
Bharat Forge announced that in terms of the powers delegated by the Board of Directors of the Company in its meeting held on 08 November 2016, members of Finance & Risk Management Committee of the Company in its meeting held and concluded on 18 November 2016, have accorded their approval for acquisition of Walker Forge Tennessee LLC, USA along with PMT Holding Inc., USA through its wholly owned subsidiary Bharat Forge America Inc., USA for a total consideration of USD 14 Million, This acquisition shall consummate on completion of certain conditions precedent as set forth in the Equity Purchase Agreement.Powered by Capital Market - Live News
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