Investment4 Mar 2026, 06:11 pm
Bharat Forge Ltd Approves Unsecured Rupee Term Loan of Rs. 8,000 Million
AI Summary
Bharat Forge Ltd's Investment Committee has approved the raising of funds by way of an unsecured rupee term loan. The Committee, in its meeting held on March 4, 2026, has approved availing of an unsecured rupee term loan up to an amount of Rs. 8,000,000,000/- (Rupees Eight Thousand Million Only). This approval is within the overall limit of Rs. 20,000 Million (Rupees Twenty Thousand Million Only) approved by the Board for fund-raising through term loan, non-convertible debentures or any other debt instruments. The Committee meeting commenced at 4:00 P.M. and concluded at 4:30 P.M.
Key Highlights
- Bharat Forge Ltd's Investment Committee has approved the raising of funds by way of an unsecured rupee term loan.
- The approved loan amount is up to Rs. 8,000,000,000/- (Rupees Eight Thousand Million Only).
- This approval is within the overall limit of Rs. 20,000 Million (Rupees Twenty Thousand Million Only) approved by the Board.
- The Committee has the authority to evaluate, finalise and take actions for fund-raising.
- The Committee meeting was held on March 4, 2026, from 4:00 P.M. to 4:30 P.M.