The project is expected to be completed and operational by the end of 2030.
The record date for determining eligible shareholders has been fixed as July 15, 2025.
The transaction is expected to be wrapped up within 45 days and will not affect Bharat Forge’s consolidated financials.
These instruments include a rights issue, preferential allotment, qualified institutional placement (QIP), further public offer (FPO), or global options such as GDRs, ADRs, and FCCBs.
The proposal includes the eventual listing of these businesses within the next 18 to 21 months.
The bank’s board formally acknowledged and accepted her resignation at its meeting held on June 27.
The payout reflects 150% on the face value of ₹10, and will be issued to shareholders whose names appear on the company’s register as of July 8, 2025
The inspection by the USFDA had taken place between April 16 and 24. After the visit, the company disclosed one observation under Form 483.
Post-listing, the promoters intend to retain at least 51% ownership in the company.
For the bank, it’s a chance to offer more services under one roof and deepen relationships with existing customers.
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