'
SKF
India hosted a conference call on Feb 13, 2025. In the conference call, the
company was represented: by Mr. Mukund Vasudevan, Managing Director and Mr. Ashish
Saraf, Chief Financial Officer.
Key takeaways of the call
The company is dividing its
automotive and industrial businesses into two distinct entities to improve
capital allocation and generate additional value.
The Industrial Business of the
Company is proposed to be demerged into SKF India (Industrial), a wholly owned
subsidiary of the Company. SKF Industrial will issue 1 fully paid-up equity
share of Rs 10 each for every 1 fully paid-up equity share of Rs 10 each. New
shares of SKF Industrial will be listed on BSE and NSE subject to receipt of
requisite approvals.
Management stated that separation of
these businesses would facilitate a clearer focus on distinct opportunities to
enhance customer value, accelerat...
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