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NRB Bearings planning to raise upto Rs 100 crore via NCDs

12 May 2018 Evaluate

NRB Bearings is planning to raise fund through issue of Non-Convertible Debentures (NCDs) not exceeding Rs 100 crore on private placement basis. The meeting of the Board of Directors of the company will be held on May 21, 2018, to consider the same.

NRB Bearings is a recognised leader in needle roller bearings, conventional cylindrical roller bearings and has developed a new generation of lightweight drawn cup bearings.

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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