Bharat Forge Approves EUR 30M German Subsidiary Restructuring

Bharat Forge Board approved a phased restructuring and potential wind-down of its German subsidiary BF CDP due to market challenges.
The Board approved a financing arrangement of up to EUR 30 million to facilitate the restructuring process.
The restructuring will be implemented through an orderly solvent liquidation in accordance with German laws.
The Board delegated authority to a sub-committee to oversee further evaluation and implementation of the proposal.