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Schaeffler India gets nod to amalgamate INA Bearings, LuK with itself

31 Aug 2017 Evaluate

Schaeffler India has received an approval for the scheme of amalgamation of INA Bearings India and LuK India with itself. The Board of Directors of the company in its meeting held on August 30, 2017 has approved the same.

The Scheme provides for transfer and vesting of the entire undertaking of the Transferor Companies into the Company and the dissolution of the Transferor Companies without winding up.

Schaeffler India has its presence in automotive and across all core industrial segments.

Peers
Company Name CMP
Schaeffler India 3653.55
Timken India 2865.80
SKF India 1434.80
NRB Bearings 514.15
Menon Bearings 287.85
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