Corporate News 06-Apr-16
NRB Industrial Bearings to allot preference shares
Under private placement basis
NRB Industrial Bearings announced that the Board via. Circular resolution has duly approved the allotment for third tranche of subscription money received from applicant and hence proposed resolution on 05 April 2016 for further allotment of 50,00,000 (Fifty Lakh 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 Trilochan Singh Sahney under private placement has been approved.
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