LGB Forge has received an approval for raising of funds up to Rs 28 crore by way of offer and issue of equity shares to the existing shareholders of the company on Rights basis (Right Issue), at such issue price and right entitlement ratio as may be decided by the Board in consultation with Lead Manager, subject to necessary approvals. The board of directors at its meeting held on April 10, 2018 has approved for the same.
Further, the board also constituted a Committee of Directors (Right Issue Committee) and authorized such Committee to determine record date, timing of the issue, do the required process and decide all the matters relating to the rights issue in consultation with Lead Managers.
LGB Forge is engaged in manufacturing of cold and hot forged components, and machined components. The company is engaged in manufacturing auto, electrical and transmission forged components for automobiles, non-automotive segments, such as valve industry and infrastructure equipment industry, including machining for customers in automotive, off-road and non-automotive segments.
Company Name | CMP |
---|---|
Bharat Forge | 1188.80 |
CIE Automotive India | 484.20 |
Ramkrishna Forgings | 774.00 |
MM Forgings | 1061.00 |
Happy Forgings | 916.15 |
View more.. |