SKF India has announced an inter-se transfer of shares among its promoter group companies. The transaction involves the transfer of 3,326,004 equity shares, representing 6.73% of the company’s total shareholding capital. This transfer is from SKF (U.K.) Limited and SKF Förvaltning AB to Aktiebolaget SKF (AB SKF) via dividend in kind, and will be effective on or after October 1, 2025. The promoter and promoter group’s overall holding will remain unchanged.
Share Transfer Details
SKF India disclosed an inter-se transfer of shares among its promoter group entities. The announcement, dated September 24, 2025, outlines the transfer of 3,326,004 equity shares. This represents 6.73% of SKF India’s total shareholding capital. The transfer will be executed through an off-market transaction.
Transferring and Receiving Entities
The transferring entities are SKF (U.K.) Limited and SKF Förvaltning AB, both members of the promoter group. The recipient of these shares is Aktiebolaget SKF (AB SKF), the primary promoter of SKF India. The transfer will occur via a dividend in kind.
Transaction Timeline and Impact
The proposed transaction is scheduled to take place on or after October 1, 2025. The transfer from SKF (U.K.) Limited will be 3,129,581 shares (6.33%), and from SKF Förvaltning AB will be 196,423 shares (0.40%). This internal transfer will not alter the aggregate holding of the promoter group in SKF India.
Rationale for the Transfer
The rationale behind this transfer is the distribution of dividends in kind by SKF (U.K.) Limited and SKF Förvaltning AB to Aktiebolaget SKF (AB SKF), consisting of all their shares in SKF India. The distribution is permissible under Part 23 of the (UK) Companies Act, 2006 and Chapter 17-18 of the Swedish Companies Act (2005:551).
Shareholding Post-Transaction
Following the transfer, Aktiebolaget SKF (AB SKF)’s shareholding will increase from 22,666,055 shares (45.85%) to 25,992,059 shares (52.58%) of SKF India.
Source: BSE
