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Menon Bearings to hive off Aluminium Division into wholly owned subsidiary

24 Oct 2018 Evaluate

Menon Bearings has received in-principle approval to hive off the Aluminium Division into ‘a wholly owned subsidiary company’ of the company, which shall be incorporated for this purpose. The Board of Directors of the company at their meeting held on October 24, 2018, approved the same.

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 3517.40
Timken India 3059.25
SKF India 1426.30
NRB Bearings 429.15
Menon Bearings 339.75
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