Varroc's board approves buying 45% of Forsee Power India for €4.5 million

Varroc Engineering's board approved buying a 45% stake in battery-pack company Forsee Power India for €4.5 million. Varroc will take management and operational control.

Price, Friday's close₹820.20▼ 0.02%

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Sector: Auto components

What happened

Varroc's board approved an investment of €4.5 million for 45% of Forsee Power India Private Limited, according to Sahi. The deal covers 2,95,398 equity shares and 80,380 optionally convertible redeemable preference shares, and is due to complete on or before 31 December 2026.
Autocar Pro reported that Varroc will assume management and operational control of the company, and that the venture will first target battery packs for electric three-wheelers.
Sahi gave Forsee Power India's turnover as ₹18.84 crore in 2025-26, up from ₹10.57 crore in 2024-25.
The shares closed at ₹820.20 on Kite data, down 0.02% from ₹820.40.

Why it matters

Good to know: Optionally convertible redeemable preference shares (OCRPS) are preference shares that can either be converted into equity shares or redeemed for cash, on terms set when they are issued.

Key facts

Stake: 45% of Forsee Power India
Investment: €4.5 million
Forsee Power India turnover: ₹18.84 crore in 2025-26 (₹10.57 crore in 2024-25)
Completion: On or before 31 December 2026

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