Varroc Engineering Approves Investment in Forsee Power India for 45% Stake
Varroc Engineering has approved buying a 45% stake in Forsee Power India for up to 4.5 million euros. The companies will also form a joint venture for EV batteries.
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what happened
Indian company Varroc Engineering Ltd has approved a proposed investment in Forsee Power India to acquire a 45% stake, according to a report on ru.tradingview.com. The cost of the acquisition will be up to 4.5 million euros.
According to the company, Varroc and Forsee Power also plan to form a joint venture offering battery solutions for electric vehicles in India.
why it matters
The deal is small, so its impact on wider markets is limited. It still signals interest in local EV battery production in India and Varroc's push into electrification.
tags
instruments
sources
- Varroc Engineering Ltd Approved Proposed Investment In Forsee Power India For Acquisition Of 45% Stake — ru.tradingview.com, 16 October 2026 at 11:07 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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