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Bharat Forge gets nod to raise Rs 500 crore via NCDs

29 Jul 2020 Evaluate
Bharat Forge has received an approval for proposal to raise Rs 500 crore by issuing securities on a private placement basis. The company's board has discussed and approved the issuance of 5,000 listed, rated, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each aggregating to Rs 500 crore.

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

Peers
Company Name CMP
Bharat Forge 1735.00
Ramkrishna Forgings 694.25
MM Forgings 630.45
Happy Forgings 1684.30
Balu Forge Inds. 501.55
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