The Board of Directors of Bharat Gears Ltd in its meeting held on October 09, 2018 has considered and approved the Rights Issue of Equity Shares upto Rs. 15,00,00,000/- (Rupees Fifteen Crores Only) to the existing Shareholders of the Company.
The Board has also authorized the existing Finance Committee to decide on the terms and conditions of the Issue including the issue size, issue price, timing of the issue, rights entitlement ratio, record date and all other matters in consultation with the Lead Manager to the Issue.
Shares of BHARAT GEARS LTD. was last trading in BSE at Rs.152 as compared to the previous close of Rs. 150.65. The total number of shares traded during the day was 2412 in over 87 trades.
The stock hit an intraday high of Rs. 155.1 and intraday low of 147.4. The net turnover during the day was Rs. 366661.