Bharat Forge Limited
informed the exchanges Friday that 210 employees of the company at Chakan plant, opted for the Voluntary Retirement Scheme (VRS) which involved an overall pay-out cost of Rs63.32cr.
The company had announced VRS effective from June 04, 2021, for its eligible employees working at its plant located in Chakan, Maharashtra.
Bharat Forge Ltd ended at Rs768.10 per piece down by Rs3.9 or 0.51% from its previous closing of Rs772 per piece on the BSE.
The scrip opened at Rs779 and has touched a high and low of Rs779 and Rs765.30 respectively during intraday trade on Monday.