NBNRB Bearings530367Strategic exit plan

Board approves sale of 1.27% and 1.30% shareholding in Amplus Ampere for ₹72 lakh and ₹73.6 lakh

Board approved sale of 7.2 lakh shares (1.27%) in Amplus Ampere to Apcotex for ₹72 lakh; agreement executed.

By ScoutQuest · Fri 23 Oct 2026, 9:50 AM IST · 1 min read

Stake sale to Apcotex

7.2 lakh equity shares (1.27%) of AAPL for ₹72 lakh

Stake sale to Deepak Novochem

7.36 lakh equity shares (1.30%) of AAPL for ₹73.6 lakh

Post-sale holding in AAPL

8.50% to 5.93%

What happened

NRB Bearings' board considered and approved the sale of part of the company's shareholding in Amplus Ampere Private Limited (AAPL). The shares being sold are held by NRB Bearings in AAPL. The board passed the circular resolution on 22 October 2026.

Transaction with Apcotex Industries

• The company has executed a Sale and Purchase of Shares Agreement with Apcotex Industries Limited (AIL).
• It has agreed to sell 7.2 lakh equity shares of AAPL, representing 1.27% of AAPL's equity share capital.
• The aggregate consideration is ₹72 lakh.

Transaction with Deepak Novochem Technologies

• The company will execute a Sale and Purchase of Shares Agreement with Deepak Novochem Technologies Limited (DNTL).
• After execution, it will sell 7.36 lakh equity shares of AAPL, representing 1.30% of AAPL's equity share capital.
• The aggregate consideration is ₹73.6 lakh.

Shareholding impact

NRB Bearings holds 8.50% of AAPL. After both sales are completed, it will continue to hold 5.93%.

Other terms

• The shares are to be transferred free from encumbrances on an as is, where is basis.
• The agreements do not give the buyers special rights in NRB Bearings, such as nominating directors to its board, preferential rights to subscribe to its future share issues, or rights to restrict changes to its capital structure.
• The buyers have no relationship with NRB Bearings' promoters or promoter group, and the transactions are not related party transactions.

What it means for investors

This is a partial sale of a minority stake in a private company. It sets the consideration for the two share sales at ₹72 lakh and ₹73.6 lakh, and reduces NRB Bearings' holding in AAPL from 8.50% to 5.93% once both transactions are completed.

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