Archive · 30 Jun 2025
Bharat Forge Restructures Defense Business, Revises AAM India Cost
Bharat Forge is changing how it organizes its defense business.
They are moving some parts of the business to a company they own called KSSL.
KSSL will give Bharat Forge special shares in return.
The whole process should be done in about a month and a half.
Also, the amount of money Bharat Forge is paying to buy another company, AAM India, has increased.
These changes are happening to help Bharat Forge focus better on its defense business and make things clearer.
Bharat Forge is restructuring its defense business.
Select assets and obligations will transfer to Kalyani Strategic Systems Ltd (KSSL).
KSSL will issue Optionally Convertible Redeemable Preference Shares (OCRPs) to Bharat Forge.
The restructuring is expected to be completed within 45 days.
The acquisition cost of AAM India has been revised to a maximum of Rs 770 crore.
- Who
- Bharat Forge is restructuring its defense business and the subsidiary Kalyani Strategic Systems Ltd (KSSL) is involved.
- What
- Bharat Forge is restructuring its defense business and revising the acquisition cost of AAM India.
- When
- The restructuring is expected to be completed within 45 days.
- Where
- Not explicitly mentioned in the provided article.
- Why
- To sharpen operational focus and enhance strategic clarity in the defence sector.
- Company
- Bharat Forge
- Subsidiary Involved
- Kalyani Strategic Systems Ltd (KSSL)
- Transaction
- Transfer of defense assets and obligations
- Consideration
- OCRPs worth up to Rs 500 crore
- AAM India Acquisition Cost
- Revised to Rs 770 crore
- KSSL Turnover (FY25)
- Rs 1,247 crore
- KSSL Net Worth (FY25)
- Rs 232 crore