ABC Bearings sells 2.5% stake in NSK-ABC Bearings

22 Mar 2017 Evaluate

ABC Bearings has sold its entire 2.5% equity stake in NSK-ABC Bearings to NSK India Sales Company, pursuant to the terms of a share purchase agreement dated March 21, 2017.

ABC Bearings is engaged in the manufacturing of taper roller bearings. The Company's products include spherical roller bearings, clutch release bearings, needle roller bearings, ball bearings, king pin bearings, universal joint and grease.

Peers
Company Name CMP
Schaeffler India 3464.50
SKF India 5150.00
Timken India 3404.00
Rolex Rings 2146.40
NRB Bearings 256.50
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