Bharat Forge, facing lower revenues, launches fund-raising effort at ₹1,323.54 per share.
Bharat Forge, an Indian steel firm, has launched a Qualified Institutions Placement (QIP) to raise funds, setting a floor price of ₹1,323.54 per share. The company's recent quarter showed revenues and profits lower than expected. Bharat Forge's shares closed at ₹1375.45, with its market cap at ₹64,039.39 crore. The stock has risen 10% since September and 60% over two years.
4 months ago
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