NRB Bearings Promoter Releases Shares Worth ₹1.1 Cr

Harshbeena Sahney Zaveri, a promoter of NRB Bearings Limited, has released a total of 1,10,68,681 shares from encumbrance. This release, valued at approximately ₹1.1 crore based on the reported figures, involved shares previously pledged with Aditya Birla Capital Limited and Tata Capital Limited. The release is attributed to the pre-payment of loans and the clearing of associated debts, resulting in a zero balance of pledged shares with Aditya Birla Capital and the unpledging of related/excess shares from Tata Capital. This action signifies a reduction in the promoter's pledged holdings.