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Bharat Forge raises Rs 200 crore through NCDs

21 Apr 2022 Evaluate

Bharat Forge has raised Rs 200 crore through rated, listed, unsecured, redeemable, non-convertible debentures (‘NCDs’) and allotted 2000 NCDs bearing a face value of Rs 10 lakh each. The investment committee strategic business of the company at its meeting held on April 20, 2022 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.

Peers
Company Name CMP
Bharat Forge 1874.00
Ramkrishna Forgings 687.95
MM Forgings 597.00
Happy Forgings 2078.50
Balu Forge Inds. 498.45
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