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India’s NRB Bearings plans Rs. 200 million secured redeemable bonds
By Susanna Moon
Chicago, May 24 – NRB Bearings Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 200 million of secured redeemable debentures in a private placement.
The issue was approved at a board meeting held Tuesday, according to a notice.
NRB is a Mumbai-based manufacturer of ball and roller bearings.
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