# 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.

- Type: Acquisition
- Announced: 2023-12-31
- Where: India
- Status: completed
- Products: gas turbine engines
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Bharat Forge Limited](https://endata.com/companies/19597.md) (acquirer)
- [Zorya-Mashproekt](https://endata.com/companies/60237.md) (target)

## Sources

- [indiandefensenews.in](https://www.indiandefensenews.in/2024/01/bharat-forge-buys-majority-stake-in.html), 2024-01-01: "Bharat Forge recently acquired a 51% stake in the Indian arm of Ukrainian firm Zorya Mashproekt."

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