NRB Bearing Limited reports a new order or contract
In short
NRB Bearing Limited said it will execute a Sale and Purchase of Shares Agreement with Deepak Novochem Technologies Limited and sell its stake in Amplus Ampere Private Limited. The company will sell 736,000 equity shares, equal to 1.30% of Amplus Ampere Private Limited’s equity share capital, out of a total 4,800,000 equity shares held in that company. In simple terms, NRB Bearing is selling a small part of its investment in Amplus Ampere to Deepak Novochem Technologies. No closing date or validity period was stated for the transaction.
Why it matters
A new contract or order has been announced — the filing's stated order value (if any) is the number to check against the company's run-rate. This brief was written from the filing itself: at the time of writing, no publisher in our feed had covered it.