Auto component maker Bharat Forge today said it will seek shareholders' approval to raise $150 million (nearly Rs 720 crore) by issue of warrants or bonds. 

The shareholders would meet on October 1, to consider raising funds of $150 million by issue of warrants or bonds, with or without an option to raise an additional amount if the subscription is fully subscribed, Bharat Forge said in a filing to the Bombay Stock Exchange(BSE).     

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Shares of Bharat Forge today closed at Rs 225.80 on the BSE, up 2.98 per cent from the previous close.

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