Corporate News     15-Dec-22
Board of Ramkrishna Forgings approves acquisition of up to 51% stake in TSUYO Manufacturing
The Board of Directors of Ramkrishna Forgings has approved an investment to acquire upto 51% voting rights of TSUYO Manufacturing (TSUYO), a Make-In-India start-up company engaged in powertrain solutions for electric vehicles.

TSUYO currently manufactures powertrain solutions for electric vehicles. This proposed investment will help TSUYO to use the technological expertise and manufacturing skills of both organizations to enhance its product portfolio and expand its facilities for the manufacture of motors, controllers, E-axles, and differentials.

The Company plans to invest around Rs. 100 crore over the next 5 (five) years, which is expected to generate a turnover of around Rs. 500 crore by the end of the fifth year.

Previous News
  Ramkrishna Forgings consolidated net profit rises 52.81% in the June 2023 quarter
 ( Results - Announcements 26-Jul-23   15:44 )
  Ramkrishna Forgings gains on additional investment in RAPL
 ( Hot Pursuit - 19-Feb-24   12:18 )
  Ramkrishna Forgings fixes record date for interim dividend
 ( Market Beat - Reports 11-Apr-23   09:31 )
  Ramkrishna Forgings allots 22,440 equity shares under ESOP
 ( Corporate News - 04-Jun-24   12:30 )
  RK Forge board to mull fund raising on Sept. 29
 ( Hot Pursuit - 27-Sep-23   09:53 )
  Ramkrishna Forgings fixes record date for 2nd interim dividend
 ( Market Beat - Reports 14-Oct-22   14:51 )
  Ramkrishna Forgings schedules board meeting
 ( Corporate News - 01-Jul-23   10:40 )
  Ramkrishna Forgings allots 11,910 equity shares under ESOP
 ( Corporate News - 02-Jun-23   11:52 )
  Board of Ramkrishna Forgings approves acquisition of up to 51% stake in TSUYO Manufacturing
 ( Corporate News - 15-Dec-22   10:43 )
  Ramkrishna Forgings allots 4064 equity shares under ESOP
 ( Corporate News - 16-Dec-21   15:46 )
  Ramkrishna Forgings schedules board meeting
 ( Corporate News - 04-Jan-24   16:57 )
Other Stories
  Lippi Systems AGM scheduled
  28-Sep-24   17:48
  SPS Finquest to convene AGM
  28-Sep-24   17:48
  Emmforce Autotech to hold AGM
  28-Sep-24   17:48
  Purohit Construction to convene AGM
  28-Sep-24   17:48
  Rotographics (India) schedules AGM
  28-Sep-24   17:47
  Jupiter Infomedia to convene AGM
  28-Sep-24   17:47
  SRG Securities Finance AGM scheduled
  28-Sep-24   17:47
  Manoj Ceramic to conduct AGM
  28-Sep-24   17:47
  Sical Logistics to hold AGM
  28-Sep-24   17:47
  Galaxy Agrico Exports to conduct AGM
  28-Sep-24   17:46
Back Top