India, Nov. 11 -- Bharat Forge Ltd on Tuesday announced that its board has approved a proposal to raise up to Rs 2,000 crore through various debt instruments, including term loans, non-convertible debentures (NCDs), or other similar options.
The board has granted in-principle approval for the fundraise and has delegated the authority to the Investment Committee – Strategic Business to finalize the details, the Pune-based company said in a statement.
Meanwhile, the company reported a net profit of Rs 299 crore for the July–September quarter of FY26, up from Rs 243 crore in the same period last year.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....