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SKF India Limited ( (IN:SKFINDIA) ) has issued an update.
SKF India Limited announced that its promoter, Aktiebolaget SKF, acquired 3,326,004 equity shares, representing 6.73% of the company’s shareholding, through an off-market transaction from SKF (U.K.) Limited and SKF Förvaltning AB. This acquisition, conducted under insider trading regulations, signifies a consolidation of shares within the promoter group, potentially impacting the company’s market positioning and shareholder dynamics.
More about SKF India Limited
SKF India Limited operates in the engineering industry, focusing on the production and supply of bearings, seals, and lubrication systems, serving various sectors including automotive and industrial markets.
Average Trading Volume: 3,179
Technical Sentiment Signal: Strong Buy
Current Market Cap: 241.1B INR
For an in-depth examination of SKFINDIA stock, go to TipRanks’ Overview page.