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.
VCCircle Bengaluru Investment Summit 2013
Techcircle Mobile Forum 2013
India Angel Summit 2013
VCCircle Financial Services Investment Summit 2013
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