SKF India Limited has announced that SKF Förvaltning AB, a member of the Promoter Group, has disposed of 196,423 equity shares, representing 0.40% of the company’s shareholding. The disposal was executed through an off-market transaction with Aktiebolaget SKF (AB SKF), also a Promoter of the Company. The transaction, completed on October 1, 2025, involves the distribution of shares as a dividend in kind.
Promoter Group Shareholding Adjustment
SKF India Limited disclosed that SKF Förvaltning AB, a part of the Promoter Group, has reduced its stake in the company. This was accomplished through the disposal of 196,423 equity shares, which accounts for approximately 0.40% of SKF India’s total equity.
Details of the Transaction
The transaction was executed on October 1, 2025. The shares were transferred via an off-market transaction to Aktiebolaget SKF (AB SKF), also a promoter of the company. This transfer is categorized as a distribution of shares as a dividend in kind. No consideration was involved in the transfer since it was a dividend distribution.
Impact on Shareholding
Post transaction, SKF Förvaltning AB will hold a reduced percentage of shares in SKF India, while Aktiebolaget SKF (AB SKF) will receive the said shares as part of a dividend distribution in kind.
Source: BSE
