SKF India has entered into a Share Holders’ Agreement with Clean Max Taiyo on May 15, 2023 for further acquisition of 26,267 fully paid-up equity shares of Rs 10 each at premium of Rs 1,596 each share, equivalent to 26% of the total issued and paid-up share capital of Clean Max Taiyo. The acquisition is likely to complete up to December 31, 2023. Clean Max Taiyo has been incorporated pursuant to the requirement under the Electricity Act, 2002 and its rules for commissioning a captive power generating plant for generation and supply of electricity to SKF.
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.
