Another major shareholder in NRB Bearings is the hedge fund Acacia Capital, which owns nearly 7% stake.
The acquisition will help Eureka Forbes extend its footprint to over 40 countries with 25,000 employees.
This is the fourth year in a row when an IPO floated in the April-May period could not sail through.
The deal will boost Jindal Poly Film’s capacity by a third to almost 0.5 million tonnes, making it one of the key players in the business globally.
Singapore-based private equity firm Nalanda Capital has acquired 7.96 per cent stake in auto ancillary firm NRB Bearings for Rs 27.02 crore.