Bharat Forge raises Rs 1,650 cr via QIP
10 Dec 2024 01:03 PM
Bharat Forge Ltd. successfully raised ₹1,650 crore through a qualified institutional placement (QIP) that closed on Monday. Priced at ₹1,320 per share, the issue saw over ten times the demand, attracting significant interest from domestic and international investors. The funds will be used for debt repayment and to support previously announced inorganic growth plans.