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Bharat Forge, India transfers TMJ electric vehicles stake to subsidiary, plans INR 20 billion fundraise
On August 8, Bharat Forge Limited announced that its board of directors has approved the transfer of a 39.43% stake held in TMJ Electric Vehicles Limited to Bharat Forge International Limited, a wholly-owned subsidiary, at fair value assessed by an independent valuer. The Group has its investment in Tewa Motors Limit....
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