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S&P
BSE SENSEX
73,651.35
+655.04
+0.90 %
Corporate Announcement
Security Code
500493
Company
Bharat Forge Ltd
Exchange Received Time
25/05/2017 16:36:38
Exchange Disseminated Time
25/05/2017 16:36:44
Time Taken
00:00:06
Updates |
5/25/2017 4:36:39 PM
This is to inform you that the Company has subscribed to the equity shares and got allotment pursuant to the Rights Issue of 1,73,16,308 equity shares of Rs. 10/- each fully paid-up made by Khed Economic Infrastructure Private Limited ('KEIPL'). The Company, prior to the said right issue, was holding 5% of the paid up equity share capital of KEIPL. Considering future business initiatives of the Company, the Company had subscribed to the additional 1,59,11,782 equity shares of Rs. 10/- each fully paid up in the said rights issue over and above its rights entitlement. Consequent to this subscription to the rights issue, Company's shareholding in KEIPL has increased from 5% to 8.54%.
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