Bharat Forge Capital Structure Change
Bharat Forge Limited invested ₹240 Crore into its wholly-owned subsidiary, Kalyani Strategic Systems Limited, through a rights issue. This investment follows prior board approval.
- Value
- ₹240.0 Cr
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Bharat Forge Limited invested ₹240 Crore into its wholly-owned subsidiary, Kalyani Strategic Systems Limited, through a rights issue. This investment follows prior board approval.
Bharat Forge has completed the allotment of equity shares under a Qualified Institutional Placement. This allotment increases the company's paid-up share capital.
Bharat Forge closed its Qualified Institutions Placement, allocating 1.058 crore equity shares at ₹1,890 each, raising approximately ₹2,000 Crore in capital.
Bharat Forge Limited approved a further investment of up to Rs. 240 Crore in its wholly owned subsidiary, Kalyani Strategic Systems Limited. This capital infusion supports the subsidiary.