SKF India has announced an off-market inter-se transfer of 25,992,059 equity shares, representing 52.58% of the company’s total shareholding capital. The transfer is from Aktiebolaget SKF (AB SKF), the promoter, to SKF Interim AB, a wholly-owned subsidiary of AB SKF. This transaction, disclosed on December 12, 2025, falls under the exemption provided by Regulation 10(1)(a)(iii) of the SEBI SAST Regulations.
Significant Shareholding Shift
SKF India has disclosed a significant off-market inter-se transfer of shares, involving a substantial portion of its equity. As announced on December 12, 2025, a total of 25,992,059 equity shares are being transferred.
Details of the Transaction
The transaction involves the transfer of 52.58% of SKF India’s total shareholding capital. Specifically, the shares are moving from Aktiebolaget SKF (AB SKF), the company’s promoter, to SKF Interim AB. SKF Interim AB is identified as a wholly-owned subsidiary of AB SKF.
Rationale and Regulatory Context
This inter-se transfer is structured as an off-market transaction and falls under the exemptions outlined in Regulation 10(1)(a)(iii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations). This classification indicates that the transfer meets specific criteria allowing it to proceed without triggering certain regulatory requirements.
Shareholding Structure Post-Transaction
Following this transfer, Aktiebolaget SKF (AB SKF) will hold 0% of the shares, whereas SKF Interim AB will hold 52.58%.
Confirmation of Compliance
SKF Interim AB confirms that both the transferor and transferee have adhered to and will continue to comply with all applicable disclosure requirements as stipulated under Chapter V of the SEBI SAST Regulations.
Source: BSE