Bharat forges international investor base

World''s second largest auto forging company completes concurrent GDR and CB.

Bharat Forge, one of India's largest auto components manufacturers and the world's second largest auto forging company, raised $210 million from a combined GDR and convertible offering on Friday. The Citigroup and JPMorgan led deal was split into a $90 million GDR with a $10 million greenshoe and two $60 million convertibles.

Roadshows for the GDR had started the previous Friday, while the two convertibles were launched on Thursday in Asia - a day when...

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