KPIT Technologies Limited - Acquisition of stake

KPIT Technologies Ltd has informed BSE that KPIT Technologies Limited ("Company") has acquired the 50 per cent stake held by Bharat Forge Limited in Impact Automotive Solutions Limited, an equal joint venture between the Company and Bharat Forge Limited, formed for the manufacture of hybrid solutions for automotives. The stake was acquired by the Company for Rs. 10.80 crores. After this transaction, Impact Automotive Solutions Limited, has become a wholly owned subsidiary of the Company.