Analyst Research
| Report Title | Price |
|---|---|
|
Provider: Wright Reports
|
$460.00
|
|
Provider: Thomson Reuters Stock Report
|
$25.00
|
|
Provider: Reuters Investment Profile
|
$20.00
|
|
Provider: GlobalData
|
$250.00
|
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Bharat Forge Ltd May Buy Significant Stake In Shanthi Gears Ltd-The Economic Times
The Economic Times reported that Bharat Forge, is in talks to buy out significant stake in Coimbatore-based Shanthi Gears, India's industrial-gear box maker, said persons close to the situation. The Pune-based forging major is looking to acquire Chairman P Subramanian and his family's stake in the Company founded in 1969 as a small manufacturing unit. While details of the valuation are not yet known, investment bankers said industrial gear makers command a valuation of eight times of their respective earnings before interest, taxes, depreciation and amortisation (Ebidta). If this is the case, Bharat Forge will have to pay INR227.30 crore to buy out 44% stake held by P Subramanian and family.
Latest Developments for Bharat Forge Ltd
- Share this
- Link this
- Digg this
Follow Reuters