SKF India announced that its promoter, Aktiebolaget SKF (AB SKF), transferred 25,992,059 equity shares, representing 52.58% of the company’s total shareholding, to its wholly-owned subsidiary, SKF Interim AB. The transaction, completed on December 22, 2025, was an off-market inter-se transfer. This move falls under an exemption of SEBI regulations as it is a transfer within the same group with no monetary consideration.
Share Transfer Details
On December 26, 2025, SKF India announced a transfer of shares from its promoter group to a wholly-owned subsidiary. Aktiebolaget SKF (AB SKF) transferred 25,992,059 equity shares to SKF Interim AB. The transaction represents 52.58% of SKF India’s total shareholding.
Transaction Rationale
The transfer was executed as an off-market inter-se transfer between the parent company and its subsidiary. The shares were transferred with no monetary consideration, classified as an unconditional and irrevocable shareholder contribution from Aktiebolaget SKF. As this transaction falls under a specified exemption, it complies with Securities and Exchange Board of India (SEBI) regulations.
Promoter Group Structure
SKF Interim AB, as the recipient of these shares, is a wholly-owned subsidiary of Aktiebolaget SKF, making it a part of the promoter group of SKF India. With the completion of this transfer, SKF Interim AB now holds 52.58% of the total shareholding capital in SKF India.
Financial Details
The applicable fee for this transaction, which amounts to INR 1,50,000 plus GST of INR 27,000, totaling INR 1,77,000, has been remitted through RTGS/NEFT on December 24, 2025.
Source: BSE
