NRB Bearings Ltd. ( (IN:NRBBEARING) ) has provided an announcement.
NRB Bearings Ltd. has completed an Inter-Company Agreement with NRB Industrial Bearings Limited (NIBL), resulting in NRB regaining the use of its immovable property in Mumbai. This agreement, finalized on February 14, 2025, involved a consideration of Rs. 55.12 Crore and included a lease deed for a property on Carmichael Road, Mumbai. These strategic property transactions are part of a larger demerger scheme that charts the course for both companies’ future operations and market positioning.
More about NRB Bearings Ltd.
NRB Bearings Ltd. operates in the bearing industry, providing essential components for various machinery and equipment. The company focuses on manufacturing and supplying bearings that facilitate efficient motion and load handling in mechanical systems, targeting industries such as automotive, industrial machinery, and others.
YTD Price Performance: -20.41%
Average Trading Volume: 17,274
Current Market Cap: 23.03B INR
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