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Schaeffler India informs about confirmation on large corporates

07 Jan 2022 Evaluate

Schaeffler India has informed the exchanges that as on December 31, 2021 (last day of Financial Year), the company does not have an outstanding long-term borrowing of Rs 100 Crores or above. Therefore, the Company does not fulfill criteria for being identified as ‘Large Corporate’ as per SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 (‘SEBI Circular’). Therefore, the Company is not required to make initial disclosures and annual disclosures as per the provisions of abovementioned circular.

The above information is a part of company’s filings submitted to BSE.

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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