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Timken India’s promoter divests 10.1% stake in company

21 Jun 2023 Evaluate

Timken India’s promoter -- Timken Singapore Pte has divested a 10.1 per cent stake in the firm for Rs 2,362 crore through an open market transaction. According to the bulk deal data available with the BSE, Timken Singapore Pte offloaded 76 lakh shares, amounting to a 10.1 per cent stake in Timken India.

The shares were disposed of at an average price of Rs 3,107.75 apiece, taking the transaction value to Rs 2,361.89 crore. Post the latest transaction, Timken Singapore's shareholding has been reduced to 57.7 per cent from 67.80 per cent at the end of March.

Timken India is primarily engaged in manufacture, sale and export for sale of antifriction bearings, components and related parts. The company is also engaged in import and purchase for resale and acts as a sales agent for the products manufactured by The Timken Company.


Timken India Share Price

3467.85 -29.45 (-0.84%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Schaeffler India 3876.80
SKF India 1604.40
Timken India 3467.85
Rolex Rings 130.95
NRB Bearings 255.05
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