Bharat Forge seeks shareholders' nod to raise USD 150 mn
Auto component maker Bharat Forge on Thursday said it will raise USD 150 million (nearly Rs 720 crore) through various fund raising routes.
By PTI |
MUMBAI: Auto component maker Bharat Forge on Thursday said it will raise USD 150 million (nearly Rs 720 crore) through various fund raising routes.
The company is seeking shareholders' nod to raise USD 150 million by way of issuing bonds, debentures or through Global Depository Receipts, Bharat Forge said in a filing to the Bombay Stock Exchange.
The extra-ordinary general meeting of the members is taking place today to consider the fund raising proposal, the filing added.
Shares of Bharat Forge were trading at Rs 278.05 on the BSE, up 0.49 per cent from previous close.
The company is seeking shareholders' nod to raise USD 150 million by way of issuing bonds, debentures or through Global Depository Receipts, Bharat Forge said in a filing to the Bombay Stock Exchange.
The extra-ordinary general meeting of the members is taking place today to consider the fund raising proposal, the filing added.
Shares of Bharat Forge were trading at Rs 278.05 on the BSE, up 0.49 per cent from previous close.
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