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SKF India acquires equity shares of Sunstrength Renewables

01 Jan 2024 Evaluate

SKF India has successfully acquired 2,89,875 fully paid-up equity shares of Rs 10 each at a premium of Rs 70 each share of M/s Sunstrength Renewables (Investee Company) i.e. own 26.74% of the total issued and paid-up share capital of the Investee Company. The company has made investment in the capital instruments of M/s Sunstrength Renewables in compliance with the requirement of the local Electricity laws for captively consuming green energy.

Earlier, the company had entered into an amendment to Share Subscription and Share Holders’ Agreement with Sunstrength Renewables and Cleantech India OA on April 27, 2023 to purchase additional shares.

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.

SKF India Share Price

1747.60 40.65 (2.38%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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