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NRB Bearings gets nod to raise funds up to Rs 100 crore

22 May 2018 Evaluate

NRB Bearings has received an approval to further issue Unsecured, Listed, Redeemable, Non-Convertible Debentures not exceeding Rs 100 crore on private placement basis. The Board of the company at their meeting held on May 21, 2018, approved 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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