SKF India Limited announced an inter-se transfer of shares amongst its promoter group entities. Aktiebolaget SKF (AB SKF) acquired 3,326,004 equity shares, representing 6.73% of the company’s total shareholding, from SKF (U.K.) Limited and SKF Förvaltning AB. This transaction, executed on October 1, 2025, aims to consolidate shareholding within the promoter group and will not affect the overall promoter holding in SKF India.
Details of the Share Transfer
Aktiebolaget SKF (AB SKF), the promoter of SKF India, has completed an inter-se share transfer, acquiring 3,326,004 equity shares. This transaction involved the transfer of shares from two other entities within the promoter group: SKF (U.K.) Limited and SKF Förvaltning AB. The report regarding this transfer was submitted under Regulation 10(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on October 31, 2025.
Rationale and Impact
This inter-se transfer is structured as a dividend in kind, with no monetary consideration involved. As it is a transaction within the promoter group, it falls under the exemptions provided by SEBI regulations. The aggregate shareholding of the promoter group remains unchanged before and after this transfer.
Promoter Group Shareholding
Following this transaction, the shareholding of Aktiebolaget SKF (AB SKF) in SKF India has increased to 25,992,059 shares, representing 52.58% of the total share capital. Simultaneously, SKF (U.K.) Limited and SKF Förvaltning AB have reduced their holdings to zero. The transaction was executed on October 1, 2025.
Source: BSE
