India: Bharat Forge divests 50% stake in JV with David Brown Systems

India: Bharat Forge divests 50% stake in JV with David Brown Systems

Visual from Bharat Forge website

BF infrastructure Ventures Limited, a subsidiary of auto component maker Bharat Forge Ltd, has divested its 50% stake in a joint venture with David Brown Systems India Ltd for $475384 (about Rs 3.09 crore).

Bharat Forge had formed the 50:50 joint venture David Brown Bharat Forge Gear Systems India Ltd with David Brown Gear Systems in May 2011 as part of its diversification into non-auto business segments.

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