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SKF India Limited ( (IN:SKFINDIA) ) has shared an announcement.
SKF India Limited has disclosed that its promoter, Aktiebolaget SKF (AB SKF), has transferred 25,992,059 equity shares, representing 52.58% of the company’s share capital, to SKF Interim AB, a wholly owned subsidiary of AB SKF, through an off-market transaction. The company states that the intra-group transfer, made in compliance with India’s insider trading regulations and the company’s own code of conduct, effectively shifts the majority shareholding within the SKF group without altering ultimate control, signalling an internal restructuring of the promoter’s holding rather than a change in ownership for external stakeholders.
More about SKF India Limited
SKF India Limited is the Indian arm of global engineering group AB SKF, operating in the industrial and automotive components sector from its registered office in Chinchwad, Pune, Maharashtra. The company focuses on supplying bearings, seals, lubrication systems and related technologies to a broad base of industrial and automotive customers across India, leveraging its parent’s global technology and market presence.
Average Trading Volume: 4,431
Technical Sentiment Signal: Hold
Current Market Cap: 86.42B INR
For detailed information about SKFINDIA stock, go to TipRanks’ Stock Analysis page.