SKF India Ltd to acquire additional shares in Clean Max Taiyo Pvt Ltd

SKF India Limited ('the company' or 'SKF India') has entered into a Share Holders' Agreement with Clean Max Taiyo Private Limited on 15th May 2023 for further acquisition of 26,267 fully paid-up equity shares of Rs 10/- each at premium of 1,596/- each share, equivalent to 26% of the total issued and paid-up share capital of the Investee Company.

Post-acquisition of aforesaid share, the Company will have 28,867 Equity shares i.e. own 26% of the total issued and paid-up share capital of the Investee Company.

Clean Max Taiyo Private Limited (Investee Company) has been incorporated pursuant to the requirement under the Electricity Act, 2002 and its rules for commissioning a captive generating plant for generation and supply of electricity to SKF.

Shares of SKF India Limited was last trading in BSE at Rs. 4347.40 as compared to the previous close of Rs. 4326.90. The total number of shares traded during the day was 642 in over 222 trades.

The stock hit an intraday high of Rs. 4759.95 and intraday low of 4273.85. The net turnover during the day was Rs. 2774382.00.

Source : Equity Bulls

Keywords

SKFIndia SPA INE640A01023 StakeAcquisition CleanMaxTaiyo