In order to meet out the capital expenditure of upto Rs. 60 crores, Bharat Gears Ltd has lined up the source of funds through Rights Issue of Equity Shares upto Rs. 15 crores, Term Loan of Rs. 35 crores from KKR India Financial Services Private Limited for which sanction letter has been obtained and remaining Rs. 10 crores from the internal accruals.
Shares of BHARAT GEARS LTD. was last trading in BSE at Rs.159.6 as compared to the previous close of Rs. 152.2. The total number of shares traded during the day was 5894 in over 198 trades.
The stock hit an intraday high of Rs. 164.1 and intraday low of 148.85. The net turnover during the day was Rs. 948457.