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Bharat Gears planning to raise funds via various sources for capex

Bharat Gears planning to raise funds via various sources for capex

Bharat Gears has lined up the source of funds through Rights Issue of Equity Shares up to Rs 15 crore, Term Loan of Rs 35 crore from KKR India Financial Services for which sanction letter has been obtained and remaining Rs 10 crore from the internal accruals, in order to meet out the capital expenditure (capex) of up to Rs 60 crore.

Bharat Gears is India’s largest gear manufacturer. The company manufactures a wide range of hypoid/spiral gears, differential gears and shafts, complete automotive transmissions, gearbox sub-assemblies and differential assemblies.

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