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NRB Industrial Bearings informs about outcome of board meeting

30 Jan 2016 Evaluate

NRB Industrial Bearings has informed that the Board of Directors of the Company at its meeting held on January 29, 2016, has approved the issuance of Preference Shares of Rs 20 Crore at the rate of 6% Interest through private placement and shall take consent of shareholders approval through Postal ballot.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Schaeffler India 4005.30
Timken India 3205.30
SKF India 1538.30
NRB Bearings 534.75
Menon Bearings 295.50
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