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Timken India gains on inking pact to acquire ABC Bearings

06 Jul 2017 Evaluate

Timken India is currently trading at Rs. 786.45, up by 7.45 points or 0.96% from its previous closing of Rs. 779.00 on the BSE.

The scrip opened at Rs. 783.45 and has touched a high and low of Rs. 815.40 and Rs. 779.00 respectively. So far 49530 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 815.40 on 06-Jul-2017 and a 52 week low of Rs. 515.00 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 815.40 and Rs. 654.45 respectively. The current market cap of the company is Rs. 5351.94 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.09% and 13.91% respectively.

Timken India has entered into a definitive agreement to acquire ABC Bearings through a court-approved amalgamation process. ABC Bearings is a manufacturer of tapered, cylindrical and spherical roller bearings, and slewing rings. The addition of the ABC Bearings portfolio will strengthen Timken’s innovative and competitive solutions to serve its customers.

This transaction is subject to receipt of approvals by each company’s shareholders, regulatory agencies and the stock exchanges, which is expected to occur over the next several months.

Timken India, a subsidiary of The Timken Company, provides friction management solutions for a wide range of industry applications across the globe.

Timken India Share Price

3459.05 -32.85 (-0.94%)
17-Apr-2026 14:38 View Price Chart
Peers
Company Name CMP
Schaeffler India 3984.20
SKF India 1680.95
Timken India 3459.05
Rolex Rings 136.40
NRB Bearings 295.00
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