Force Motors reported total sales of 3,764 units in month of January 2026 compared to 3,597 units in January 2025, recording a growth of 4.64%. Total sales comprised of domestic sales of 3,665 units (up 4.92% YoY) and exports at 99 units (down 4.81% YoY). |
Bharat Forge, BF Industrial Solutions (BFISL), a wholly owned subsidiary of the Company and J S Auto Cast Foundry India (JS Auto), a step-down wholly owned subsidiary of the Company, have entered into Securities Subscription Agreement (SSA) and Shareholders Agreement (SHA) (Definitive Transaction Agreements) with PI Opportunities Fund I Scheme II (Investor) on 02 February 2026. Under the terms of the Definitive Transaction Agreements, Investor has agreed to subscribe to, and JS Auto has agreed to offer, issue, and allot equity shares and compulsorily convertible preference shares (CCPS), subject to the terms and conditions mentioned therein (proposed transaction) resulting in the Investor acquiring 23% stake in JS Auto on a fully diluted basis for a consideration of Rs 300 crore to be received by JS Auto. PI Opportunities Fund I Scheme II (an Alternative Investment Fund (AIF) managed by PI Investment Advisory LLP) is an affiliate of Premji Invest Group, making substantial investments in growing Indian companies, with a focus on technology, finance, and consumer sectors, funding the Azim Premji Foundation. |
Electrosteel Castings has received credit ratings from CRISIL as under: Total bank loan facilities rated - Rs 4,400 crore
Long term rating - CRISIL AA/Negative (Outlook Revised from Stable to Negative)
Short term rating - CRISIL A1+ (Reaffirmed)
Commercial paper (Rs 100 crore) - CRISIL A1+ (Reaffirmed) |