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, Jun 10
18:25 Redbook Index (YoY) 1 4.7% 4.9%
21:00 52-Week Bill Auction 1 3.94% 3.93%
22:30 3-Year Note Auction 1 3.972% 3.824%
Wednesday, Jun 11
02:00 API Weekly Crude Oil Stock 1 -0.37M 0.70M -3.30M
04:15 Visitor Arrivals (YoY) 1 18.8% -8.4%
15:00 10-y Bond Auction 1 4.673%
16:30 MBA Mortgage Applications 1 -3.9%
18:00 Consumer Price Index ex Food & Energy (MoM) 3 0.3% 0.2%
18:00 Consumer Price Index ex Food & Energy (YoY) 3 2.9% 2.8%
18:00 Building Permits (MoM) 1 2.2% -4.1%
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