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Bharat Forge Rises on ₹544.53 cr AAM India acquisition
short by / on Thursday, 17 October, 2024
Bharat Forge Limited shares jumped 0.3% to ₹1,479.4, after entering into agreement to acquire AAM India Manufacturing Corporation Private Limited (AAMIMCPL) for an enterprise value of ₹544.53 crore. With this transaction, the company will acquire the commercial vehicle axle business of AAMIMCPL in Pune and Chennai, as well as the Pune Engineering and Development Center.
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