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EY acted as the exclusive financial advisor to Sona BLW Precision Forgings Limited
Successfully advised Sona BLW Precision Forgings Limited (Sona Comstar) on its proposed acquisition of the Railway Equipment Division (RED) of Escorts Kubota Limited (EKL) for a consideration of INR 1,600 crores. The transaction, once completed, shall mark Sona’s entry into the fast-growing railway segment in India.
This transaction is a significant step towards expanding the boundaries of the Indian mobility sector beyond automotive by including adjacent segments such as railways and aerospace. We expect to see more such deal activity in the future given the strong growth prospects of the railways and aerospace segments.