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SKF India acquires stake in M/s Cleanmax Taiyo

04 Apr 2023 Evaluate

SKF India has successfully acquired 2600 shares equivalent to 26% of the total issued and paid-up share capital of M/s Cleanmax Taiyo on March 31, 2023. The acquisition will reduce energy costs and greenhouse gas emissions and gain access to renewable energy.

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.

Peers
Company Name CMP
Schaeffler India 3511.50
Timken India 3061.10
SKF India 1396.35
NRB Bearings 484.00
Menon Bearings 319.25
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