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Bharat Forge secures board approval to launch a Qualified Institutions Placement of equity shares
17-Sep-2026, 07:45

Bharat Forge Limited has received approval from its board and shareholders to launch a Qualified Institutions Placement of equity shares with a face value of Rs 2, according to a regulatory filing on Thursday, September 17, 2026. The company has set a floor price of Rs 1,947.70 per share for the offering, which will be determined in consultation with lead managers, and may offer a discount of up to 5% on that price, while the ‘Relevant Date’ for the purpose of the Issue is also September 17, 2026.