Bharat Forge has received approval from board of directors for issuance of 2,000 listed, rated, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10,00,000 each, aggregating to Rs 200 crore on a private placement basis. The company has also received approval for availing of unsecured term loan up to an amount of Rs 200 crore. The Investment Committee - Strategic Business of the Company, has in its meeting held on April 02, 2022, discussed and approved the same.
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.
