Stocks

Bharat Gears plans rights issue

Our Bureau Chennai | Updated on October 20, 2021

The board of directors of Bharat Gears on Wednesday approved a rights issue worth ₹9.77 crore. The company plans to issue 9.3 lakh shares on rights basis at ₹105 a share. Shareholders will get one equity share for every 10 held in the company as on record date, which has been fixed as October 29. Full amount of ₹105 has to be paid by shareholders along with application, the company said. The stock of Bharat Gears closed 2.23 per cent higher at ₹173.95 on the BSE.

Published on October 20, 2021

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