Bharat Forge Completes 50% Stake Sale In REFU Drive

FORGE: Kalyani Powertrain Limited (KPTL) has completed the divestment of its 50% stake in REFU Drive GmbH to REFU Elektronik GmbH. Following the completion of the transaction, REFU Drive GmbH will cease to be a joint venture of Kalyani Powertrain Limited. The development marks a change in KPTL’s investment and business structure relating to REFU Drive and represents an important corporate update for Bharat Forge. The divestment follows the company’s broader business portfolio management and reflects a change in its participation in the REFU Drive venture. With the transaction now completed, REFU Elektronik GmbH becomes the relevant shareholder following the transfer of KPTL’s 50% stake. Market participants may track further disclosures from Bharat Forge and KPTL regarding the transaction, its financial impact, accounting treatment and any implications for the company’s overall business portfolio. Further updates may also provide clarity on how the divestment fits into KPTL’s broader strategy in powertrain and mobility-related businesses. The completion of the stake sale formally ends KPTL’s joint-venture relationship with REFU Drive GmbH. This information is shared strictly as a corporate and market update for informational purposes and should not be considered investment advice, research analysis or a recommendation to buy or sell any security.