SKF India Limited Buy-Back Details

SKF's roots in India can be traced back to 1923, when a trading arm of SKF Group was set up in Kolkatta. Since then SKF has been serving the Indian market with high quality bearings for over 3 decades. SKF India Ltd was incorporated in the year 1961 as a result of collaboration between AB SKF, Associated Bearing Company limited and Investment Corporation of India Ltd and the first manufacturing plant was commissioned in Pune in the year 1965.

Today, with 3 manufacturing facilities located in Pune, Bangalore and Haridwar, with 11 sales offices across India and a supplier network of over 300 distributors, SKF continues to serve the varied markets with reliable solutions. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven integrated solutions provider, helping customers achieve sustainable and competitive advantage.

SKF India Limited Buy-Back Details
Date of Board Meeting for Buyback Proposal	24-10-2018
Date of Buyback Approval	24-10-2018
Date Public Announcement of Buyback	24-10-2018
Buyback Type	Tender Offer
Buyback Record Date	21-12-2018
Buyback Opening Date	23-01-2019
Buyback Closing Date	05-02-2019
Buyback Amount	₹ 399 Cr
Buyback Number of Share	19,00,000
Buyback Price	₹ 2100 Per Share
Face Value	₹ 10
Holding Time	3 Months
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Profit acceptance Ratio Buy 95 Shares at CMP ₹ 1700 [2,00,000/2100 = 95]
Acceptance Ratio	33%	50%	75%	100%
Buy Price	₹ 1700	₹ 1700	₹ 1700	₹ 1700
Amount Invested in Buyback	₹ 1,61,500	₹ 1,61,500	₹ 1,61,500	₹ 1,61,500
No. of Shares Buy	95	95	95	95
Earning Per Share	₹ 400	₹ 400	₹ 400	₹ 400
No. of Shares Buy-Back	31	48	71	95
BuyBack Profit	₹ 12,540	₹ 19,000	₹ 28,500	₹ 38,000
Profit(%)	- %	- %	- %	- %

SKF India Limited Contact Details
SKF India Limited Mahatma Gandhi Memorial Building Netaji Subash Road, Charni Road, Mumbai - 400 002 Phone No. +91 22 6633 7777 Fax No. +91 22 2281 9074 website: www.skf.com

Registrar of SKF India Limited
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