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(23/07/2026 10:54)

Bharat Forge arm to exit REFU Drive Joint Venture

Bharat Forge has announced that its wholly owned subsidiary, Kalyani Powertrain Ltd. (KPTL), has signed a definitive agreement to divest its entire 50% stake in REFU Drive GmbH to joint venture partner REFU Elektronik GmbH.

The stake sale will be executed for a consideration of EUR 12,500, subject to the terms and conditions of the agreement.

Upon completion of the transaction, REFU Drive GmbH will cease to be a joint venture of Kalyani Powertrain, marking the company's exit from the venture.
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