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NRB Bearings board declares dividend

30 May 2012 Evaluate

NRB Bearings has informed that the Board of Directors of the Company at its meeting held on May 30, 2012, has declared dividend at the rate of Rs. 2.00 per equity share of Rs. 2 each payable to members as per Register of Members and approved investment in the Joint Venture, NRB IBC Bearings, for manufacture of super precision bearings.

The above information is part of company’s filing submitted to the BSE.

Peers
Company Name CMP
Schaeffler India 3672.15
Timken India 2890.80
SKF India 1449.40
NRB Bearings 490.65
Menon Bearings 282.45
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