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.

UNI PP RN AG2028

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