Ramkrishna Forgings approves fund raise of Rs 94.3 crore via preferential issue
12th Sep 2022

Ramkrishna Forgings has approved a fund raise of Rs 94.3 crore through a preferential issue of 46 lakh warrants convertible into equivalent equity share of Rs 2 each at a price of Rs 205 per warrant to Promoters/ Non Promoters.

Upon allotment of these warrants, the Company will receive Rs 23.60 crore during the year and balance Rs 70.70 crore will be received within the next 18 months from the date of allotment of warrants.

Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.