Register to Subscribe



Home arrow News arrow Business News arrow Bharat Forge Limited to raise Rs.300 crores through a preferential offer
Bharat Forge Limited to raise Rs.300 crores through a preferential offer Print E-mail
Written by Anand   
Thursday, 28 February 2008
Mumbai: Bharat Forge Limited., the flagship company of the USD 2.1 billion Kalyani Group and a leading global ‘Full Service Supplier’ of forged and machined components, at its Board Meeting held today approved a Preferential Issue of Convertible Warrants subject to requisite approval by the Shareholders and the applicable guidelines to the Promoters Group. Pricing of the issue will be governed by the Guidelines for Preferential Issue in terms of the applicable SEBI guidelines.

The Company will raise Rs.300 crores 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 space as well as enhancing the Promoters stake in the Company.

About Bharat Forge:

Bharat Forge Limited., a public limited company is a leading global ‘Full Service Supplier’ of forged and machined - engine & chassis components. It provides end-to-end solutions from product conceptualization to designing and finally manufacturing, testing and validation.

It is the largest exporter of auto components from India and leading chassis component manufacturer in the world. With manufacturing facilities spread over 12 locations and 6 countries – four in India, three in Germany, one in Sweden, one in Scotland, one in North America and two in China, the company manufactures a wide range of safety and critical components for passenger cars, commercial vehicles and diesel engines. The company also manufactures specialized components for the aerospace, power, energy, railway, construction equipment, oil & gas and other industries. It is capable of producing large volume parts in both steel and aluminum.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2020 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768