Balu Forge Industries Limited
Nova Global increased its stake in Balu Forge Industries from 1.06% to 1.10% by acquiring 57,300 shares, taking its total holding to 13,30,160 shares.
A manufacturer of forged crankshafts and automotive components, Balu Forge specializes in producing fully finished and semi-finished forged products for the automotive industry. The company has developed capabilities to manufacture components that comply with new emission regulations and support the electric vehicle sector. Its focus on advanced forging technology and precision manufacturing enables it to serve evolving automotive requirements and original equipment manufacturers.
Nova Global Opportunities Fund PCC is a foreign portfolio investor that is an active anchor investor in Indian SME IPOs. It has backed offerings across sectors including electric equipment, power and energy, infrastructure, and logistics.