Archive · 25 Jun 2025
Wheels India to Acquire Axles India Shares for ₹23 Crore
Wheels India is buying more shares of Axles India from Forge 2000, another company.
This purchase will cost ₹23 crore and will give Wheels India a bigger part of Axles India, going from 9.51% to 12.51%.
The deal should be done before the end of August.
Axles India makes things for big trucks and earned ₹847 crore last year.
This is like one company buying more of another, increasing their ownership.
Wheels India to acquire 7.64 lakh equity shares of Axles India.
The acquisition is from Forge 2000 for ₹23 crore.
Wheels India's shareholding in Axles India will increase to 12.51%.
The transaction is expected to be completed before August 31.
Axles India's revenue as on March 31, 2025, was ₹847 crore.
- Who
- Wheels India is acquiring shares from Forge 2000.
- What
- Wheels India is acquiring 7.64 lakh equity shares of Axles India.
- When
- The transaction is expected to be completed before August 31.
- Where
- Not explicitly mentioned.
- Why
- Not explicitly mentioned, but it increases Wheels India's stake in Axles India.
- Buyer
- Wheels India
- Seller
- Forge 2000
- Transaction Value
- ₹23 crore
- Shares Acquired
- 7.64 lakh
- Share Price
- ₹297 per share
- Wheels India Stake
- Increase to 12.51%
- Axles India Revenue (as on March 31, 2025)
- ₹847 crore