India’s NRB Bearings board to consider Rs. 1 billion debentures

By Wendy Van Sickle

Columbus, Ohio, May 11 – NRB Bearings Ltd.’s board of directors will consider at a meeting on May 21 the issuance of up to Rs. 1 billion of nonconvertible debentures, according to a Bombay Stock Exchange notice.

The debentures would be issued in a private placement.

NRB is a Mumbai-based manufacturer of ball and roller bearings.

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