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SKF India Limited ( (IN:SKFINDIA) ) has provided an update.
SKF India Limited announced the disposal of 3,129,581 equity shares, representing 6.33% of its shareholding, by SKF (U.K.) Limited to Aktiebolaget SKF (AB SKF) through an off-market transaction. This move, conducted under the Insider Trading Regulations, indicates a strategic realignment within the promoter group, potentially impacting the company’s market dynamics and stakeholder interests.
More about SKF India Limited
SKF India Limited operates in the industrial sector, primarily focusing on manufacturing and supplying bearings, seals, lubrication systems, and services that cater to various industries including automotive, aerospace, and industrial equipment.
Average Trading Volume: 3,179
Technical Sentiment Signal: Strong Buy
Current Market Cap: 241.1B INR
For a thorough assessment of SKFINDIA stock, go to TipRanks’ Stock Analysis page.