Bharat Forge Limited, one of India’s leading engineering and technology companies, has announced a major regulatory development in its acquisition of AAM India Manufacturing Corporation Private Limited. On April 22, 2025, the Competition Commission of India (CCI) granted its formal approval for the 100% acquisition of the company, marking a significant milestone in Bharat Forge’s expansion strategy.

The announcement, made public on April 23, 2025, follows the earlier disclosure dated October 17, 2024, wherein Bharat Forge had signed a Share Purchase Agreement (SPA) for acquiring the entire shareholding of AAM India Manufacturing Corporation Pvt Ltd. The completion of this proposed acquisition remains subject to fulfilment of all conditions precedent as stipulated under the SPA.

This approval from CCI, India's key antitrust regulator, clears one of the major regulatory hurdles and reflects the green light from competition authorities. The detailed order from the CCI is awaited, and further developments will be contingent upon remaining compliance checks and procedural milestones being fulfilled.

The acquisition is a part of Bharat Forge’s ongoing strategy to expand and diversify its footprint in India’s manufacturing and automotive components space. AAM India, being a notable entity in precision manufacturing, is expected to complement Bharat Forge’s existing capabilities, particularly in areas involving advanced component production and supply chain integration.

Bharat Forge Limited, headquartered in Pune, Maharashtra, is globally recognized for its manufacturing excellence, especially in the automotive, defence, and industrial sectors. Over the years, the company has strategically aligned itself with high-growth sectors and undertaken targeted acquisitions to strengthen its technological and operational infrastructure.

With this acquisition, Bharat Forge aims to further reinforce its product offerings, streamline manufacturing synergies, and broaden its market access. The company's proactive approach toward inorganic growth continues to be a key part of its corporate strategy, especially as the global manufacturing landscape becomes increasingly integrated.

Tejaswini Chaudhari, Company Secretary and Compliance Officer of Bharat Forge, in the regulatory communication, confirmed the receipt of CCI approval, while noting that the final closure of the deal remains pending until all conditions precedent under the SPA are satisfactorily met.

This development signals a strong forward momentum for Bharat Forge as it moves closer to finalizing an acquisition that is anticipated to deliver strategic benefits and long-term value creation for stakeholders.

The company has advised shareholders and the public to stay updated as further regulatory orders and fulfilment of SPA conditions progress over the coming weeks.

As Bharat Forge prepares for this acquisition's final closure, the focus will remain on ensuring regulatory compliance, operational alignment, and the seamless integration of AAM India Manufacturing Corporation Pvt Ltd into its business ecosystem.

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