SKF India has agreed to make an investment in Cleanmax Taiyo by acquiring 2,600 fully paid up equity shares of Rs 10 each equivalent to 26% of the total issued and paid-up share capital of the Cleanmax Taiyo. The acquisition will reduce energy costs and greenhouse gas emissions and gain access to renewable energy. The acquisition will be completed by June 2023.
SKF India is a leading global supplier of rolling bearing and seals. The company provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems.
