Bharat forge to raise Rs 300 cr through preferential issue

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Mumbai, Feb 27 (UNI) Kalyani Group promoted Bharat Forge Limited today said it will raise Rs 300 crore through preferential issue of 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 along with enhancing the promoters stake, a company release said here today.

The pricing of the issue will be governed by the guidelines for preferential issue in terms of the applicable SEBI guidelines, the release added.


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