NRB Industrial Bearings Limited — Others, 19-02-2025: Disclosure under SEBI Takeover Regulations

NRB Industrial Bearings Limited has disclosed an inter-se transfer of 23,40,906 equity shares between promoters, where Mr. Devesh Singh Sahney has acquired the shares from his immediate relative, Mrs. Harshbeena Zaveri. This off-market transaction now positions Mr. Sahney with a total of 35,06,736 shares, accounting for 14.47% of the company’s diluted share capital. The rationale behind this transfer appears to be a strategic alignment among promoters. Investors might view this move as a sign of strengthened internal relationships within the management, possibly fostering a positive sentiment.