NRB Bearing Limited has informed the Exchange about General Updates
NRBBEARING · price
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Awaiting price reaction for this filing.
NRB Bearing Limited has informed the exchange about acquiring an 8.50% equity stake in Amplus Ampere Private Limited, a special purpose vehicle (SPV) promoted by Amplus Energy Solutions PTE LTD. The deal involves buying 48 lakh equity shares at face value of Rs. 10 each, totaling Rs. 4.80 crore, paid fully in cash. Amplus Ampere is a newly incorporated entity (March 2021) in the renewable energy space with zero turnover over the last three financial years. The purpose of the acquisition is to secure captive solar power supply of up to 15 MWp in Maharashtra for the company's operations. The transaction is expected to close within 1-2 weeks and is not a related party transaction.
This is a small strategic investment (Rs. 4.80 crore) aimed at reducing energy costs and increasing renewable energy usage in NRB Bearing's manufacturing operations. It is unlikely to have a material impact on the stock price, but signals the company's focus on sustainability and operational cost savings through captive power sourcing.