NRB Bearings receives RBI approval for investment in Thailand arm

Resource from: Equity Bulls Likes:3045

Mar 07,2012

The Board of Directors of NRB Bearings Ltd at its meeting held on March 06, 2012, has approved subject to RBI approval, further investment of THB 6 million (equivalent Rs. 10 crores) in the equity capital of its wholly owned subsidiary NRB Bearings (Thailand) Ltd. The NRB Bearings Ltd stock closed the day at Rs.40.25, down by Rs.1.15 or 2.78%. The stock hit an intraday high of Rs.41.90 and low of Rs.40.25. The total traded quantity was 8596 compared to 2 week average of 6161.

(Equity Bulls)

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