Bharat Forge and FAW Group end joint venture in China  [ China ]

Bharat Forge Ltd. announced that Bharat Forge Hongkong Limited, its indirect subsidiary, has divested its 51.85 percent stake in its Chinese JV operations (FAW Bharat Forge (Changchun) Company Limited) to its joint venture partner, China FAW Corporation Limited, for USD 28.208 million (INR 175 crores) ending its 8 year old joint venture in China. (From a press release on January 13, 2014)
<Jan 13, 2014>