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Board of NRB Industrial Bearings approves allotment of preferential shares

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Capital Market

On private placement basis

NRB Industrial Bearings announced that Board via Circular resolution has duly approved the proposed resolution for allotment 50,00,000 (Fifty Lakhs Cumulative Redeemable, Non-convertible Preference shares) each having a nominal value of Rs. 10/- (Ten Only) amounting to Rs. 5,00,00,000/- (Rupees Five Crores) to Mr. Trilochan Singh Sahney under private placement.

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First Published: Mar 30 2016 | 7:20 PM IST

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