At meeting held on 08 November 2016
Bharat Forge announced that the Board of Directors of the Company in their meeting held on 08 November 2016, inter alia, have discussed and approved the following:- Approved the execution of the Share Sale/Purchase Agreement for sale of the Company's entire 49% stake in its joint venture company Alstom Bharat Forge Power Private for a consideration of USD 35 Million to GE Pacific Private. This sale shall consummate upon completion of certain conditions precedent as set forth in the Share Sale/Purchase Agreement.
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