Corporate News     14-Sep-23
Board of Sona BLW Precision Forgings approves capital infusion in Mexican subsidiary
At meeting held on 14 September 2023
The Board of Sona BLW Precision Forgings at its meeting held on 14 September 2023 has approved an investment of USD 1.6 million (in equivalent Mexican Pesos) in one or more tranches in the form of share capital in “SONA BLW EDRIVE MEXICANA, S.A.P.I. DE C.V.” a wholly owned subsidiary of the Company in Mexico.

SONA BLW Edrive Mexicana is setting up a plant in Mexico. SONA BLW Edrive Mexicana require capital for meeting its pre-operative expenses.

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