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NRB Bearings has approved the sale of a combined 2.57% stake in Amplus Ampere Private Limited

ICICIdirect Research 23 Oct 2026 DISCLAIMER

News: NRB Bearings has approved the sale of a combined 2.57% stake in Amplus Ampere Private Limited (AAPL) to Apcotex Industries and Deepak Novochem Technologies for an aggregate consideration of ₹1.46 crore. The company will sell 7.20 lakh shares (1.27%) to Apcotex for ₹72 lakh and 7.36 lakh shares (1.30%) to Deepak Novochem for ₹73.6 lakh. NRB Bearings currently holds an 8.50% stake in AAPL, which will reduce to 5.93% after completion of both transactions. The Apcotex share sale agreement has been executed, while the Deepak Novochem agreement is yet to be executed.

View: The proposed stake sale will partially monetise NRB Bearings’ investment in AAPL and provide ₹1.46 crore in proceeds, while retaining a 5.93% residual holding. The transaction’s financial impact is likely to be limited in scale; the ultimate benefit will depend on the carrying value of the investment and the use of sale proceeds.

Impact: Neutral

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