Ahmednagar Forgings has received its board’s approval to raise finance by issue of Redeemable Non-Convertible Debentures (NCDs) up to Rs 400 crore on Private Placement basis subject to the approvals of Shareholder’s and any other approvals from regulatory authority, if required. The board at its meeting held on April 23, 2015 has approved for the same.
Ahmednagar Forgings (AFL) is a manufacturer of forging and machined automotive components, cold forged parts and high tensile fasteners. AFL operates four plants; two of them are located at Ahmednagar, Maharashtra and the other two near Pune, Maharashtra
