New Delhi: Auto parts main Bharat Forge on Friday said its board will meet next week to consider elevating of funds.
A gathering of the company’s board is scheduled to be held on July 29 to search approval for elevating funds both by way of time period mortgage, non-convertible debentures or another devices as could also be acceptable, Bharat Forge said in a regulatory submitting.
The company, nonetheless, didn’t share details in regards to the quantity in addition to the explanations for elevating the capital.
Meanwhile, Bharat Forge earlier this week introduced the dissolution of its Hong Kong-based wholly-owned subsidiary Bharat Forge Hong Kong Limited.
Bharat Forge declares dissolution of its Hong-Kong based mostly subsidiary