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Bharat Forge Simplifies German Subsidiary Structure Through Merger

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Bharat Forge's (BOM:500493, NSE:BHARATFORG) wholly owned step-down subsidiary Bharat Forge Holding GmbH has merged with Bharat Forge Global Holding GmbH, its immediate holding company, according to a Thursday exchange filing.

The merger was completed on Aug. 25 under German law, pursuant to a merger agreement dated Aug. 18.

Bharat Forge Holding has ceased to exist as a result of the merger, the filing said.

The company said the transaction was undertaken to simplify its German legal structure and has no impact on its standalone or consolidated financial statements.

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