Market Ticker

Translate

Thursday, April 29, 2010

$140m QIP to fund non-auto foray: Bharat Forge

Speaking today, the company's Chairman and Managing Director Baba Kalyani said that the investors included a mix of Foreign Institutional Investors and domestic funds. The total equity dilution as a result of this issue will be to the extent of 7%, including warrants, Kalyani said.

The company will invest the proceeds for a foray into non-automotive segment and capital goods initiatives.

The QIP book, which was subscribed over 5 times, closed on April 22. The issue was a combination of equity, non-convertible debentures, and warrants. Citi, Kotak and Axis Bank were the bankers to the issue.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jul 15
18:00 Consumer Price Index Core s.a 1 327.60 326.85
18:00 NY Empire State Manufacturing Index 2 5.5 -9.0 -16.0
18:00 Manufacturing Sales (MoM) 1 -0.9% -1.3% -2.7% Revised from -2.8%
18:25 Redbook Index (YoY) 1 5.2% 5.9%
18:45 Fed's Bowman speech 2
n/a GDT Price Index 1 -4.1%
21:45 Fed's Barr speech 2
22:30 Fed's Barkin speech 2
Wednesday, Jul 16
00:15 Fed's Collins speech 2
01:30 Annual Budget Release 1
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener