SKF India Limited has received a report from SKF Interim AB pursuant to Regulation 10(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ( SEBI SAST Regulations ), in relation to the off-market inter-se transfer of 25,992,059 (Twenty Five Million Nine Hundred and Ninety Two Thousand and Fifty Nine) equity shares of the Company from Aktiebolaget SKF (AB SKF), the promoter of the Company, to SKF Interim AB.
SKFINDIA · price
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SKF India announced that its promoter, Aktiebolaget SKF (AB SKF), has transferred 25,992,059 equity shares of the company to SKF Interim AB through an off-market inter-se transfer under SEBI SAST Regulations. Since both entities belong to the same promoter group, this is an internal restructuring move rather than a change in ownership of the company. The total promoter shareholding in SKF India remains unchanged — only the entity within the promoter group holding the shares has changed.
This is a neutral event for retail shareholders — the overall promoter group's stake and control over SKF India stays the same. The transfer is procedural and unlikely to affect the stock price or shareholder rights.