Bharat Forge seeks shareholders nod for USD 150 million issue

Auto component maker Bharat Forge said it will seek shareholders approval to raise USD 150 million by issue of warrants or bonds.

Bharat Forge in a filing to the Bombay Stock Exchange said that the shareholders would meet on October 1 to consider raising funds of USD 150 million by issue of warrants or bonds, with or without an option to raise an additional amount if the subscription is fully subscribed.

The filling added that the company would issue warrants or bonds to potential buyers.

(Sourced from http://www.steelguru.com/news/index/2009/09/08/MTEwNjc2/Bharat_Forge_seeks_shareholders_nod_for_USD_150_million_issue.html)

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