Sundaram Finance Holdings Buys Forge 2000 for ₹160 Million

Sundaram Finance Holdings Limited (SFHL) has reported the acquisition of 100% stake in Forge 2000 Private Limited for ₹160 million. The strategic acquisition is in tune with SFHL's intention to grow its portfolio in the manufacturing and auto component industries. Forge 2000, established in 2000 and headquartered in Chennai, is poised to complement SFHL's current investment in the automobile space. The deal is expected to enhance SFHL's market position and have a possible synergistic effect with its other holdings. This is part of SFHL's consistent approach of undertaking strategic investments for creating shareholder value and leveraging opportunities for growth in the manufacturing space.

 

Source: SFHL's investment policy from their official website.