Investment9 April 2026 at 10:27 am
NRB Bearings Ltd: Promoters Reduce Pledge to Optimize Borrowing Cost
AI Summary
NRB Bearings Ltd has announced a reduction in promoter pledge to optimize borrowing costs. The promoters, Harshbeena Sahney Zaveri, Trilochan Singh Sahney Trust – 1, Aziz Yousuf Zaveri, Anupa Sahney, Jasjiv Singh Devinder Singh Sahney, Bhupinder Singh Sahney, and Sahir Zaveri, have reduced their pledge from 41.48% to 33.97%. The shares released by Tata Capital Limited (TCL) were then repledged to Aditya Birla Capital Limited (ABCL). This move has reduced the overall promoter pledge from 18.17% to 17.01%.
Key Highlights
- Promoters of NRB Bearings Ltd reduce pledge to optimize borrowing costs.
- Harshbeena Sahney Zaveri's share holding changes from 41.48% to 33.97%.
- TCL releases part of pledged shares which are then repledged to ABCL.
- Overall promoter pledge reduces from 18.17% to 17.01%.
NRBBEARINGAbrasives & Bearings
NRB BEARINGS LTD.Price Impact