Bharat Forge has received approval for infusion of funds of euro 39.00 million into Bharat Forge Global Holding GmbH (BFGH).
This investment is a part of the Use of Proceeds specified in Placement Document dated December 9, 2024 relating to QIP of the Company. It will help BFGH and its subsidiaries inter alia in repayment / prepayment, of certain outstanding borrowings. The investment will be completed by December 31, 2024.
The Investment Committee (Strategic Business) of the Company, at its meeting held on December 24, 2024, 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.
