Ramkrishna Forgings Limited (BSE:532527) agreed to acquire 51% stake in TSUYO Manufacturing Pvt Ltd on December 14, 2022. The Board of Directors of Ramkrishna Forgings Limited one of the leading suppliers of rolled, forged, and machined products has approved an investment to acquire up to 51% voting rights of TSUYO Manufacturing, a Make-In-India start-up company engaged in powertrain solutions for electric vehicles, Ramkrishna Forgings also plans to expand its EV portfolio. Ashwin Bishnoi, Pashupati Nath, Abhiroop De and Sakshi of Khaitan & Co.

acted as a legal advisor for Ramkrishna Forgings Limited (NSEI:RKFORGE).