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This is an archive article published on April 22, 2010

Bharat Forge opens 150 mn QIP issue

Bharat Forge has launched its USD 150 million private placement issue on April 21.

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Auto components maker Bharat Forge said it has launched its USD 150 million about Rs 720 crore private placement issue on April 21.

At its meeting held yesterday,the company opened its USD 150 million qualified institutional placement issue,Bharat Forge said in a filing to the National Stock Exchange NSE.

The company,however,did not disclose the purpose of the funds being raised.

Shares of Bharat Forge were trading at Rs 276.90 on the NSE,up 0.29 per cent from previous close.

 

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