Bharat Forge Limited has successfully completed a significant acquisition through its wholly-owned subsidiary, Kalyani Strategic Systems Limited (KSSL). As part of this acquisition, KSSL has secured a 25% stake in Edgelab S.p.A., an Italy-based company, through the purchase of 769,000 ordinary shares priced at €3.25 per share. This acquisition follows a Cornerstone Investment Agreement signed by KSSL for the proposed initial public offering (IPO) of Edgelab S.p.A., marking an important milestone for both companies.

This acquisition was first announced by Bharat Forge on December 13, 2024, and now the deal has been finalized, making KSSL a significant shareholder in Edgelab. The deal is a part of Bharat Forge’s strategy to expand its global presence and further strengthen its foothold in high-tech industrial sectors, especially through its strategic investments in emerging companies like Edgelab.

Edgelab S.p.A., the company in which KSSL has acquired a stake, is poised for its public listing, making this acquisition a key component of its IPO process. The allotment of 769,000 shares will result in KSSL owning a quarter of Edgelab's total share capital, providing the company with significant influence over Edgelab’s future operations and growth trajectory.

The completion of this deal further reflects Bharat Forge's continued commitment to expanding its portfolio and venturing into innovative sectors that align with the company’s long-term growth strategy. The acquisition of this 25% equity stake in Edgelab is expected to strengthen KSSL's position within Edgelab’s upcoming IPO and provide long-term value to Bharat Forge as well.

As part of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bharat Forge has made the necessary filings regarding this acquisition, and the company has ensured compliance with all required regulations.

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