Bharat Forge Limited (BSE:500493) signed letter of intent to acquire Sanghvi Forging & Engineering Limited (BSE:533411) on February 17, 2021. Transaction is subject to approval from Honorable National Company law Tribunal. The Committee of Creditors of Sanghvi Forging & Engineering Limited has approved the transaction. On April 26, 2021, Honorable National Company law Tribunal, Ahmedabad Bench has approved the transaction.

Bharat Forge Limited (BSE:500493) completed the acquisition of Sanghvi Forging & Engineering Limited (BSE:533411) for INR 770 million on June 4, 2021. Sanghvi Forging and Engineering Limited has been changed to 'BF Industrial Technology & Solutions Limited' with
effect from November 30, 2021.RBSA Capital Advisors LLP advised BF Industrial Technology & Solutions in this deal.