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SKF India Limited ( (IN:SKFINDIA) ) has shared an announcement.
SKF India Limited has announced the effective date for its Scheme of Arrangement with SKF India (Industrial) Limited, sanctioned by the National Company Law Tribunal. Under this scheme, SKF Industrial will issue equity shares to SKF India shareholders on a 1:1 basis, with 15th October 2025 set as the record date. This move aims to streamline operations and potentially enhance market positioning, with the new equity shares proposed for listing on major Indian stock exchanges, subject to regulatory approvals.
More about SKF India Limited
SKF India Limited operates in the industrial sector, providing a range of products and services related to bearings, seals, lubrication systems, and services. The company focuses on delivering solutions that enhance the performance and reliability of rotating equipment across various industries.
Average Trading Volume: 3,121
Technical Sentiment Signal: Buy
Current Market Cap: 236B INR
For an in-depth examination of SKFINDIA stock, go to TipRanks’ Overview page.