# Mahindra CIE Automotive board approves merger with subsidiary Bill Forge

Mahindra CIE Automotive's board approved a scheme to merge its wholly owned subsidiary Bill Forge Private Ltd into itself, aiming for operational efficiencies and synergies.

- Type: Acquisition
- Announced: 2018-09-25
- Where: India
- Status: announced
- Products: cold, warm, hot forged and machined components for steering, transmission and wheel-related assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Mahindra CIE Automotive](https://endata.com/companies/34516.md)
- [Bill Forge Private Ltd](https://endata.com/companies/34517.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/mahindra-cie-automotive-board-gives-nod-to-merge-subsidiary-bill-forge-with-itself/articleshow/65954991.cms), 2018-09-25: "The scheme seeks to amalgamate and consolidate the business of Bill Forge with that of the company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.