Scribd Logo
Upload

Welcome to Scribd!

  • 18 views

    Updates (Company Update)

    Uploaded by

    Shyam Sunder
    ABC Bearings Limited informed the Bombay Stock Exchange that it sold its entire 2.5% equity stake in NSK-ABC Bearings Private Ltd. to NSK India Sales Company Pvt. Ltd. per a share purchase agreement dated March 21, 2017. Neither the purchaser nor NSK Limited have any relation to ABC or its promoters. The nominee directors of ABC also resigned from the board of NSK-ABC Bearings Private Ltd.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Updates (Company Update)

    Uploaded by

    Shyam Sunder
    18 views1 page
    ABC Bearings Limited informed the Bombay Stock Exchange that it sold its entire 2.5% equity stake in NSK-ABC Bearings Private Ltd. to NSK India Sales Company Pvt. Ltd. per a share purchase agreement dated March 21, 2017. Neither the purchaser nor NSK Limited have any relation to ABC or its promoters. The nominee directors of ABC also resigned from the board of NSK-ABC Bearings Private Ltd.

    Original Title

    Updates [Company Update]

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    ABC Bearings Limited informed the Bombay Stock Exchange that it sold its entire 2.5% equity stake in NSK-ABC Bearings Private Ltd. to NSK India Sales Company Pvt. Ltd. per a share purchase agreement dated March 21, 2017. Neither the purchaser nor NSK Limited have any relation to ABC or its promoters. The nominee directors of ABC also resigned from the board of NSK-ABC Bearings Private Ltd.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    18 views1 page

    Updates (Company Update)

    Uploaded by

    Shyam Sunder
    ABC Bearings Limited informed the Bombay Stock Exchange that it sold its entire 2.5% equity stake in NSK-ABC Bearings Private Ltd. to NSK India Sales Company Pvt. Ltd. per a share purchase agreement dated March 21, 2017. Neither the purchaser nor NSK Limited have any relation to ABC or its promoters. The nominee directors of ABC also resigned from the board of NSK-ABC Bearings Private Ltd.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    ABC Bearings Limited

    Registered Office : 402-B, Poonam Chambers,


    ABC

    Phone : +91 2224964500


    Dr. Annie Besant Road, Worli, Mumbai - 400018. F a x : +91 22 24950527
    CIN: L29130MH1961 PLC012028 E-mail: [email protected]
    Website : www.abcbearings.com

    SEC/ABC/BSE/SBD/RKJ309/2017 21 st March, 2017.

    BSE Limited,
    P.J. Towers,

    Dalal Street, Fort,

    Mumbai - 400 001.

    Dear Sirs,

    Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and


    Disclosure Requirements) Regulations, 2015

    Reference: Scrip Code No.505665.


    Letter dated 17th March, 2017 bearing reference number
    SEC/ABC/BSE/SBDIRKJ308/2017 addressed to BSE Limited.

    We write to you in furtherance of the letter under reference. This is to inform you
    that ABC Bearings Limited ("ABC") has sold its entire 2.5% equity stake in NSK
    ABC Bearings Private Ltd. ("NABI") to NSK India Sales Company Pvt. Ltd.
    ("Purchaser"), pursuant to the terms of a share purchase agreement dated 21 st
    March, 2017 entered into between ABC, NABI, NSK Limited and the Purchaser.

    Neither the Purchaser nor NSK Limited are related to ABC or its promoters or the
    promoter group and the aforesaid sale transaction is not a related party
    transaction. The nominee directors of ABC on the board of NABI have resigned.

    You are requested to kindly take the same on record.

    Thanking You,

    Yours faithfully
    FJrJ;earinge_ I

    Limited

    - S.B. Desai
    ".
    Company Secretary

    PLANT

    NARMADA ~AGAR, BHARUCH-392015 Tel.: (02642) 248222/23/24 Fax: (02642) 247591

    You might also like