| SKF India has entered into a Share Holders' Agreement with Clean Max
Taiyo on 15 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.
Investee Company has been incorporated pursuant to the requirement under the Electricity Act, 2002 and its rules for commissioning a captive power generating plant for generation and supply of electricity
to SKF. |