Bharat Forge announced that it has acquire 100% stake in Sanghvi Forging and Engineering Ltd.

Nifty Auto logs modest gains; Bharat Forge top gainer; Maruti, Tata Motors keep the index on upside

SFEL has made all the priority payments viz. IRP costs, the Workmen and Employee Amount and Other Operational Creditor Amount in terms of the approved Resolution Plan.

Bharat Forge buys 100% stake of Sanghvi Forging and Engineering; Stock climbs 1%

Bharat Forge advanced 1.89% to Rs 752.45 after the company, through its wholly owned subsidiary BF Industrial Solutions (BFISL), acquired 100% control of Sanghvi Forging & Engineering (SFEL).

Bharat Forge gains on concluding acquisition of Sanghvi Forging

BF Industrial Solutions was acquired as SPV for the purpose of implementation of Resolution Plan approved by NCLT, Ahmedabad for Sanghvi Forging & Engineering.

Bharat Forge subsidiary BF Industrial Solutions becomes Public Limited company

Shivang Dave will be relieved from his role with effect from close of business hours on 15th May, 2021.

Shivang Dave resigns as CFO at Sanghvi Forging & Engineering

Bharat Forge update on acquisition of Sanghvi Forging & Engineering

The acquisition of NPIPL has been completed on May 05, 2021. Total 10,000 equity shares of the face value of Rs10/ each have been acquired at a consideration of Rs1 lakh only by the company.

Bharat Forge fully acquires Nouveau Power as SPV for acquisition of Sanghvi Forging

BRIEF-Sanghvi Forging And Engineering Says Monitoring Committee Names Sandeep Goel As CEO

National Company Law Tribunal Ahmedabad Bench has orally pronounced its order of approval of the Resolution Plan submitted by Bharat Forge Limited on April 26, 2021.

Bharat Forge’s resolution plan for acquisition of Sanghvi Forging gets NCLT approval

BRIEF-Bharat Forge Says NCLT Approves Co’s Resolution Plan For Acquisition Of Sanghvi Forging & Engineering

Sanghvi Forging Standalone December 2020 Net Sales At Rs 20.10 Crore, Up 46.19% Y-o-Y

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

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Red flags

Sanghvi Forging and Engineering Limited is a manufacturer of steel forgings. The Company manufactures forged flanges, heavy forgings and computer numeric control (CNC) machined forged components, among others.