Bharat Forge divests 49% stake in power equipment JV with Alstom for $35M

Bharat Forge Limited has approved the divestment of its 49% stake in Alstom Bharat Forge Power Private Limited (ABFPL) to Alstom for US$35 million. The JV was formed in 2009.

“The Board of Directors of Bharat Forge Limited has approved divestment of its 49% stake in the power equipment JV with Alstom, Alstom Bharat Forge Power Private Limited (ABFPL) for US$ 35 million.”bharatforge.com

• 1 source
• bharatforge.comNov 8, 2016

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