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Schaeffler India zooms on getting nod to amalgamate INA Bearings, LuK with itself

31 Aug 2017 Evaluate

Schaeffler India is currently trading at Rs. 4880.00, up by 617.15 points or 14.48% from its previous closing of Rs. 4262.85 on the BSE.

The scrip opened at Rs. 4719.00 and has touched a high and low of Rs. 4998.85 and Rs. 4719.00 respectively. So far 3186 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 5149.00 on 05-Jul-2017 and a 52 week low of Rs. 3780.00 on 29-Dec-2016.

Last one week high and low of the scrip stood at Rs. 4998.85 and Rs. 4136.05 respectively. The current market cap of the company is Rs. 7943.14 crore.

The promoters holding in the company stood at 51.33%, while institutions and non-institutions held 32.30% and 16.39% respectively.

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.

Schaeffler India Share Price

4000.70 38.10 (0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Schaeffler India 4000.70
SKF India 1706.95
Timken India 3506.90
Rolex Rings 136.10
NRB Bearings 294.30
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