Bharat Gears planning to raise funds via various sources for capex

Bharat Gears Ltd. | Auto Ancillary | Automobiles | BSE: 505688 | NSE: BHARATGEAR

11 Oct 2018 Evaluate

Bharat Gears has lined up the source of funds through Rights Issue of Equity Shares up to Rs 15 crore, Term Loan of Rs 35 crore from KKR India Financial Services for which sanction letter has been obtained and remaining Rs 10 crore from the internal accruals, in order to meet out the capital expenditure (capex) of up to Rs 60 crore.

Bharat Gears is India's largest gear manufacturer. The company manufactures a wide range of hypoid/spiral gears, differential gears and shafts, complete automotive transmissions, gearbox sub-assemblies and differential assemblies.

Peers

Company Name	CMP
SamvardhanaMotherson	165.60
Tube Investments	2519.15
Bosch	48100.00
UNO Minda	1218.00
Bombay Burmah Trdg.	1435.30
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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