the companys board has discussed and approved the issuance of 5000 listed rated unsecured redeemable ncdsnew delhi auto components major bharat forge on wednesday said its board has approved proposal to raise rs 500 crore by issuing securities on a private placement basisthe companys board has discussed and approved the issuance of 5000 listed rated unsecured redeemable nonconvertible debentures ncds of face value rs 10 lakh each aggregating to rs 500 crore on a private placement basis bharat forge said in a regulatory filing the company however did not share details about the reasons for raising the capital advt also read bharat forge announces dissolution of its hongkong based subsidiary pti published on jul 29 2020 at 0327 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app bharat forge ncd bharat forge auto component industry private placement basis ncd homenewsauto componentsbharat forge to raise rs 500 cr via ncds