NRB Industrial Bearings Ltd approves allotment of 50 lakh preference shares

The Board of NRB Industrial Bearings Ltd via. Circular resolution has duly approved of the proposed resolution on March 31, 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 Mr. Trilochan Singh Sahney under private placement.

Shares of NRB INDUSTRIAL BEARINGS LTD. was last trading in BSE at Rs.46 as compared to the previous close of Rs. 44.5. The total number of shares traded during the day was 5 in over 5 trades.

The stock hit an intraday high of Rs. 47.45 and intraday low of 44.3. The net turnover during the day was Rs. 230.

Source : Equity Bulls

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