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Pune, Feb. 28 Bharat Forge Ltd at its board meeting held on Wednesday approved a preferential issue of convertible warrants subject to the requisite approval by shareholders and applicable guidelines to the promoters group.

Pricing of the issue would be governed by applicable SEBI guidelines.

The company would raise Rs 300 crore through the issue to fund its ongoing organic growth programme in the capital goods and non-auto space as well as enhance the promoters stake in the company, an official release has stated.

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