Bharat Forge Ltd has informed that the Board of Directors of the Company at its meeting held on February 27, 2008, subject to the required approvals being obtained, including approval of the Members of the Company and subject to applicable guidelines, has approved the following:
1. Issue of convertible warrants, to Promoters Group of an aggregate value of Rs 300 crores; and2. Borrowing by way of External Commercial Borrowing / Rupee Term Loan of upto Rs 400 Crores.
1. Issue of convertible warrants, to Promoters Group of an aggregate value of Rs 300 crores; and2. Borrowing by way of External Commercial Borrowing / Rupee Term Loan of upto Rs 400 Crores.
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