Ramkrishna Forgings to acquire 51% stake in TSUYO for EV expansion

Ramkrishna Forgings Limited approved an investment to acquire up to 51% voting rights in TSUYO Manufacturing Private Limited, an EV powertrain startup. The company plans to invest around INR 100 crore over five years.

“The Board of Directors of Ramkrishna Forgings Limited has approved an investment to acquire up to 51% voting rights of TSUYO Manufacturing Private Limited.”auto.economictimes.indiatimes.com

• 2 sources
• auto.economictimes.indiatimes.comRamkrishna Forgings Limited: Ramkrishna Forgings to acquire up to 51% stake in TSUYO for EV portfolio expansion, ETAutoDec 15, 2022
• ndtvprofit.comRamkrishna Forgings To Buy Up To 51% Stake In TSUYOPTIDec 15, 2022

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