NRB Bearings Ltd Subsidiary to Acquire Aerospace Component Manufacturer for INR 27.5 Crore

NRB Bearings Ltd announced that its wholly owned subsidiary, Mahant Tool Room Private Limited (MTRPL), has agreed to acquire the business of M/s. Mahant Tool Room (MTR), a sole proprietorship concern based out of Bangalore, engaged in the manufacturing of precision machined components for engine and fuel systems for the aerospace industry. The acquisition is subject to completion of certain conditions precedent with a cash consideration of INR 27,50,00,000. This acquisition will mark NRB Bearings Ltd's entry in the aerospace industry.