10/12/2024, 9:14:02 am

Bharat Forge raises ₹1,650 crore via QIP

Bharat Forge Ltd. on Monday, December 9, announced the closure of its QIP, through which it has raised a sum of ₹1,650 crore. In an exchange filing on Monday, the company said that it has approved the issue and allotment of 1.25 crore equity shares of the company to 95 eligible institutional buyers. The issue price of the QIP has been fixed as ₹1,320 per share.