Bharat Forge acquires majority stake in Zorya-Mashproekt India

Bharat Forge, through its wholly owned subsidiary Kalyani Strategic Systems Limited, acquired a 51% stake in the Indian arm of Ukrainian firm Zorya Mashproekt. The agreement was signed on May 9, 2023, and the acquisition was completed on December 31, 2023.

“Bharat Forge recently acquired a 51% stake in the Indian arm of Ukrainian firm Zorya Mashproekt.”indiandefensenews.in

• 1 source
• indiandefensenews.inBharat Forge Buys Majority Stake In Ukrainian Gas Turbines Manufacturer Zorya-Mashproekt | Indian Defence NewsJan 1, 2024

Summarized from public sources; check the original articles before acting on it.