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Tork Motors

With Rs 4 Cr top up, Bharat Forge now holds 49% stake in Tork Motors

Tork Motors

Bharat Forge has made an additional investment of Rs 4 crore in electric two-wheeler startup Tork motors. This is the third tranche of a total commitment of about Rs 30 crore from Bharat Forge.

Now, it holds up to 48.86% and subscription of 1,895 equity shares in the Pune-based firm. Additionally, there is an expectation of revision in allotment of shares by Tork to its employees under ESOP scheme. (Source)

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