Penal Action On Bharat Forge’s German Subsidiaries: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Bharat Forge Ltd. has notified that its German subsidiaries (Bharat Forge Aluminium technik GmbH, Bharat Forge CDP GmbH and Bharat Forge Global Holding GmbH) have reached a settlement with the German competition regulator for potential unfair trade practices in 2004-18.The company’s German subsidiaries are required to pay in aggregate 32 million pound (approximately Rs 300 crore) as settlement charges over the next five years.The said judgement comes as a negative surprise. As per our estimates, this could potentially hit the company’s profit and loss in a gradual manner over the next five years..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Penal Action On Bharat Forge’s German Subsidiaries: ICICI Direct

Penal Action On Bharat Forge’s German Subsidiaries: ICICI Direct

Choose a plan