Bharat Forge to raise Rs 300 crore through preferential offer to promoters

27 Feb 2008

1

The board of directors of Kalyani Group flagship Bharat Forge today approved a preferential issue of convertible warrants subject to shareholder and statutory approvals.

Pricing of the issue will be governed by the guidelines for preferential issue in terms of the applicable SEBI guidelines.

Bharat Forge will raise Rs300 crore through the issue of these convertible warrants. The proceeds will form a part of the corpus that will serve a two-fold purpose of funding the company's ongoing organic growth programme in the capital goods and non-auto sectoras well as enhancing the promoters' stake in the company.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers