Bharat Forge to acquire 30% stake in Fortuna Engineering for ₹130 crore

Bharat Forge Ltd signed an agreement to acquire a 30% equity stake in Fortuna Engineering Private Ltd for ₹129.60 crore, with an option to increase to 50% plus 1 share. Fortuna Engineering is a Nashik-based machining company for automotive and off-highway components.

“Bharat Forge Ltd on Thursday (April 30) said it has signed a Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) to acquire a 30% equity stake in Fortuna Engineering Private Ltd for an aggregate consideration of ₹129.60 crore, through a cash transaction.”cnbctv18.com

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• cnbctv18.comBharat Forge to acquire 30% stake in Fortuna Engineering for ₹130 crore - CNBC TV18Jomy Jos PullokaranApr 30, 2026

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