NRB Bearing Limited
HDFC Mutual Fund decreased its stake in NRB Bearings from 9.03% to 8.85%. The fund's holding fell by 1,68,853 shares, ending with 85,80,129 shares in a transaction related to a rights issue.
A pioneer in needle roller bearing manufacturing in India since 1965, NRB Bearings is a leading supplier of critical drivetrain and chassis components to the automotive industry. The company manufactures precision-engineered bearings for commercial vehicles, passenger cars, tractors, and industrial equipment applications. Its products are integrated into the majority of vehicles operating on Indian roads across multiple segments.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.