 "Ramkrishna Forgings, naresh jalan")
The promoters of Ramkrishna Forgings will infuse fresh capital into the company through warrants priced at nearly three times the market value, a move aimed at reassuring minority shareholders following discrepancies in inventory balances and stock accounting at the company’s manufacturing plants, resulting in a notional loss in net worth.
“As a moral responsibility, we are taking this step to ensure that the interest of minority shareholders is taken care of,” Ramkrishna Forgings managing director Naresh Jalan told Business Standard.
He added that the price at which the warrants would be issued is three times the current market price to
