NRB Industrial Bearings Ltd. ( (IN:NIBL) ) has provided an announcement.
NRB Industrial Bearings Ltd. has announced a significant development involving a family settlement agreement within the NRB and NIBL groups. The agreement entails the renunciation of rights to preference shares previously held by the late Mr. Trilochan Santsingh Sahney. Mrs. Hanwantbir Kaur Trilochan Singh Sahney and Ms. Harshbeena S. Zaveri have agreed to forgo their claims in favor of Mr. Deveshsingh Trilochansingh Sahney, following the approval by the Board of Directors on February 5, 2025. This decision could streamline the company’s internal shareholding structure and potentially affect its governance and strategic direction.
More about NRB Industrial Bearings Ltd.
NRB Industrial Bearings Ltd. is a company operating in the industrial bearings sector, focusing on the production and distribution of bearings for various industrial applications. The company is based in Mumbai, India, and is part of the NRB Group, which has a significant market presence in this industry.
YTD Price Performance: -6.86%
Average Trading Volume: 3,591
Current Market Cap: 552.5M INR
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