Schaeffler India Limited has been notified by its promoter group, including Schaeffler Schweinfurt Beteiligungs GmbH and others, of their intention to review their shareholding. The group, which currently holds 74.13% of the paid-up share capital, may consider monetizing a small part of their stake. However, they reaffirm their commitment to remaining a significant majority shareholder, representing at least two-thirds of the company’s outstanding shares.
Promoter Group Notification
Schaeffler India Limited has received a notification from its promoter group, comprising entities such as Schaeffler Schweinfurt Beteiligungs GmbH, Schaeffler Bühl Verwaltungs GmbH, Schaeffler Verwaltungsholding Sechs GmbH, and Industriewerk Schaeffler INA-Ingenieurdienst- GmbH. This group collectively holds 74.13% of Schaeffler India’s paid-up share capital.
Shareholding Review and Monetization Intent
The promoter group has informed Schaeffler India that they are currently reviewing their shareholding in the company. As part of this review, they may consider monetizing a small portion of their existing stake. This communication is an expression of intent and not a binding commitment at this stage.
Continued Majority Stake
Despite the potential for partial monetization, the promoter group has expressed a strong intention to continue as the significant majority shareholder. They aim to maintain ownership of at least two-thirds of the Company’s outstanding shares. This notification is for record purposes, acknowledging the promoter’s communication.
Source: BSE
