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NRB Industrial Bearings Ltd.

BSE: 535458 Sector: Engineering
NSE: NIBL ISIN Code: INE047O01014
BSE 00:00 | 13 Nov 24.85 1.15
(4.85%)
OPEN

23.70

HIGH

24.85

LOW

23.70

NSE 00:00 | 13 Nov 24.45 0.60
(2.52%)
OPEN

24.50

HIGH

24.50

LOW

24.45

OPEN 23.70
PREVIOUS CLOSE 23.70
VOLUME 122
52-Week high 33.10
52-Week low 16.75
P/E
Mkt Cap.(Rs cr) 60
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 23.70
CLOSE 23.70
VOLUME 122
52-Week high 33.10
52-Week low 16.75
P/E
Mkt Cap.(Rs cr) 60
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

NRB Industrial Bearings Ltd. (NIBL) - Company History

The Company was incorporated on 24th February 2011 under the Companies Act 1956 in the name and style NRB Industrial Bearings Private Limited. Subsequently the Company was converted into a Public Limited Company and a fresh Certificate of Incorporation dated 17th November 2011 was obtained from the Registrar of Companies Maharashtra Mumbai. Accordingly the name of the Company was changed to NRB Industrial Bearings Limited.Pursuant to the Scheme of Arrangement between NRB Bearings Limited and the Company as approved by the Hon'ble High Court of Judicature at Bombay vide its order dated 24th August 2012 the industrial bearings business of NRB Bearings Limited including the agency business was vested with the Company. The resulting company was incorporated with the primary objective of taking over of `industrial bearings business' of the demerged company under the scheme on `going concern basis'.