MoneyWorks4Me

Menon Bearings’ promoter group hikes stake in the company

13 Jul 2017 Evaluate

Menon Bearings’ promoter has hiked stake in the company. The Promoter group members have purchased 1,84,800 equity shares and sold 1,68,000 equity shares of the company due to which the shareholding of Promoter and Promoter group is now 74.70% from earlier 74.67% of total share capital of the company.

Menon Bearings is an auto part manufacturing company, promoted by the Flagship of Menon Group to manufacture world class thin walled bimetallic engine Bearings, Bushes and Thrust Washers.


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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