NRB Bearings rises on acquiring 8.50% stake in Amplus Ampere
NRB Bearings is currently trading at Rs. 287.00, up by 1.45 points or 0.51% from its previous closing of Rs. 285.55 on the BSE.
The scrip opened at Rs. 285.00 and has touched a high and low of Rs. 288.40 and Rs. 281.45 respectively. So far 6032 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.20 on 12-Sep-2024 and a 52 week low of Rs. 191.45 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 304.20 and Rs. 281.45 respectively. The current market cap of the company is Rs. 2781.68 crore.
The promoters holding in the company stood at 51.20%, while Institutions and Non-Institutions held 27.39% and 21.42% respectively.
NRB Bearings has acquired 8.50% of equity share capital of Amplus Ampere (SPV), consisting of 48,00,000 equity shares of face value Rs 10 each aggregating to Rs 4.80 crore to source solar power as a captive consumer for a capacity up to 15 MWp located in the state of Maharashtra. The transaction is subject to customary conditions precedents and expected to be completed within 1 to 2 weeks.
NRB Bearings (NRB) offers a wide range of high-precision friction solutions for all mobility applications. The company is leader in the production of needle bearings and cylindrical roller bearings. it also manufactures ball bearings, taper roller bearings and all types of thrust bearings.
