Aktiebolaget SKF (AB SKF) has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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SKF India has informed exchanges that its Swedish parent Aktiebolaget SKF (AB SKF) will receive 3,326,004 shares (6.73% of share capital) from two promoter group entities — SKF (U.K.) Limited (31,29,581 shares, 6.33%) and SKF Förvaltning AB (1,96,423 shares, 0.40%) — via a dividend in kind, with no cash consideration. As a result, AB SKF's direct holding in SKF India will rise from 45.85% to 52.58%, crossing the 50% mark, while SKF (U.K.) Limited and SKF Förvaltning AB will exit the shareholding completely. The aggregate promoter group stake remains unchanged at around 52.58% before and after the transfer. The transaction, expected on or after October 1, 2025, qualifies for exemption from open offer under SEBI Regulation 10(1)(a)(ii) as it is an inter-se transfer within the promoter group.
This is purely an internal restructuring within the global SKF group — the ultimate parent AB SKF already controls the UK and Swedish entities, so overall promoter control and minority shareholder position remain unchanged. No new shares are issued and no money changes hands, so there is no dilution or capital impact. The shift may modestly simplify governance as AB SKF now directly holds a clear majority (>50%) in the Indian arm.