NRB Bearings Ltd

🔁 NRB Bearings Promoters Restructure Share Pledges

- Promoters prepaid loans to Tata Capital and took new loans from Aditya Birla Capital to optimize borrowing costs

- Tata Capital released pledge on 19,509,718 shares (20.13% of total capital)

- Aditya Birla Capital received new pledge of 19,489,427 shares (20.11% of total capital)

- Overall promoter encumbered shares remain unchanged at 36,679,709 shares (37.87% of total capital)

- Total promoter shareholding: 49,625,042 shares (51.20% of total capital)

- 73.91% of promoter shares remain encumbered

- Encumbered shares value: ₹878.04 crore against loans of ₹275.65 crore

- Security cover ratio: 3.19:1

- No pledge changes for other minor promoter shareholders