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SKF India acquires stake in Cleanmax Taiyo

25 Aug 2023 Evaluate

SKF India has successfully acquired 26,267 equity shares of Cleanmax Taiyo (Investment Company). Post-acquisition of aforesaid share, the company has 28,867 equity shares i.e. 26% of the total issued paid up capital of the investment company. SKF India has made investment in the capital instruments of Clean Max Taiyo in compliance with the requirement of the local Electricity laws for captively consuming green 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 3650.85
Timken India 2881.00
SKF India 1438.45
NRB Bearings 509.00
Menon Bearings 283.35
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