Bharat Forge Share Price Watched as Kalyani Powertrain Agrees to Divest Stake in REFU Drive GmBH
- July 23, 2026
- Posted by: Kunal Singla
- Category: News
Bharat Forge share price Rs 2,183, down 0.05 percent. Subsidiary Kalyani Powertrain to sell its 50 percent stake in REFU Drive GmBH for EUR 12,500.
The Bharat Forge share price was in focus on Thursday after the company disclosed a corporate restructuring move involving one of its European joint ventures. Bharat Forge‘s wholly owned subsidiary, Kalyani Powertrain, has executed a definitive agreement with REFU Drive GmBH, a joint venture company of Kalyani Powertrain and REFU Elektronik GmBH.
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What the REFU Drive Divestment Involves
Under the agreement, Kalyani Powertrain has agreed to sell and transfer its entire 50 percent equity stake held in REFU Drive to REFU Elektronik GmBH for a consideration of EUR 12,500. Upon completion of the transaction, REFU Drive will cease to be a joint venture of Kalyani Powertrain, ending the partnership between the two entities.
Bharat Forge share price: Today’s Trading Levels
| Metric | Value |
|---|---|
| Bharat Forge CMP | Rs 2,183 |
| Day Change | Down Rs 1.05 or 0.05 percent |
| Intraday Range | Rs 2,170 to Rs 2,200.60 |
| Volume Today | 4,673 shares |
| 5 Day Average Volume | 168,563 shares (down 97.23 percent) |
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The Bharat Forge share price was little changed today despite the divestment announcement, with the nominal EUR 12,500 consideration reflecting the relatively small scale of this specific transaction within Bharat Forge’s much larger global operations spanning forgings, defence and electric mobility components.
What This Divestment Means for Bharat Forge Investors
For investors tracking the Bharat Forge share price, the REFU Drive divestment appears to be a portfolio rationalisation move for Kalyani Powertrain, the group’s electric vehicle powertrain subsidiary, rather than a materially significant financial transaction given the small consideration involved. Companies periodically exit smaller joint ventures that no longer align with strategic priorities, particularly in fast evolving segments such as electric mobility components.
Investors should track Kalyani Powertrain’s broader electric vehicle component strategy and order book in coming quarters, alongside Bharat Forge’s core forgings and defence businesses, rather than reading significant implications into this specific, small value transaction affecting the Bharat Forge share price.
Bharat Forge has built a diversified global forgings business serving automotive, industrial, defence, oil and gas and aerospace customers across multiple geographies, with manufacturing operations spanning India, Europe and North America. This diversification has historically provided some insulation against demand weakness in any single end market or region.
The company has also been investing meaningfully in defence manufacturing and electric vehicle components in recent years, positioning itself to benefit from India’s defence indigenisation push and the broader shift toward electric mobility across both passenger and commercial vehicle segments.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why is Bharat Forge share price in the news today?
Ans. Bharat Forge share price is in the news after its subsidiary Kalyani Powertrain agreed to divest its 50 percent equity stake in REFU Drive GmBH, a joint venture company, for EUR 12,500.
What is the current Bharat Forge share price?
Ans. Bharat Forge share price was quoting at Rs 2,183, down Rs 1.05 or 0.05 percent, with an intraday high of Rs 2,200.60 and a low of Rs 2,170.
What is Kalyani Powertrain’s relationship to Bharat Forge?
Ans. Kalyani Powertrain is a wholly owned subsidiary of Bharat Forge, focused on electric vehicle powertrain components.
What happens to REFU Drive after this transaction?
Ans. Upon completion of the transaction, REFU Drive GmBH will cease to be a joint venture of Kalyani Powertrain, as its entire 50 percent stake is transferred to REFU Elektronik GmBH.
How much is the REFU Drive stake sale worth?
Ans. Kalyani Powertrain has agreed to sell its 50 percent stake in REFU Drive GmBH for a consideration of EUR 12,500.
Is Bharat Forge share price a buy after this divestment news?
Ans. This article does not constitute investment advice. Investors should assess the company’s broader electric mobility and forgings business and consult a SEBI registered investment advisor before investing.
Where can I track Bharat Forge share price and corporate action updates live?
Ans. You can track live Bharat Forge share price movements and corporate action updates on the Univest app and website.
