M M Forgings Limited (BSE:522241) entered into an agreement to acquire Cafoma Autoparts Private Limited from existing shareholders for INR 330 million on October 15, 2021. M M Forgings shall be acquired 0.6 million equity shares and 8.4 million preference shares for a consideration of INR 280 million and INR 50 million toward subordinated debt. Approved the signing of share purchase agreement and acquisition of Cafoma Autoparts Private Limited in shareholder meeting. The audited turnover of Cafoma Autoparts for the year ended 31st March 2021 was approximately IND 80,500,000.

M M Forgings Limited (BSE:522241) completed the acquisition of Cafoma Autoparts Private Limited from existing shareholders on October 15, 2021.