Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from SKF India Limited ( (IN:SKFINDIA) ) is now available.
SKF India Limited has disclosed that SKF Interim AB, a member of its promoter group, has acquired 25,992,059 equity shares, representing 52.58% of the company’s share capital, from existing promoter Aktiebolaget SKF through an off-market transaction. The intra-group transfer, carried out under provisions of India’s insider trading regulations, effectively consolidates the promoter holding under SKF Interim AB without changing the overall promoter stake in the company, signalling an internal reorganisation of shareholding rather than a shift in control, with limited immediate impact expected for public shareholders.
More about SKF India Limited
SKF India Limited is a Pune-based engineering company operating in the industrial and automotive components sector, focused on bearings, seals, lubrication systems and related services for OEMs and aftermarket customers in India. The company is part of the global SKF Group, which supplies rotation and motion-related technologies to a broad range of industrial and automotive markets.
Average Trading Volume: 4,431
Technical Sentiment Signal: Hold
Current Market Cap: 86.42B INR
See more data about SKFINDIA stock on TipRanks’ Stock Analysis page.