SKF India (Industrial) shares list at 3% discount after demerger

SKF India (Industrial) listing

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26 Aug, 2025 12:21

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The shares of SKF India (Industrial) were listed at Rs 2,630 apiece on NSE, marking a discount of nearly 3 percent from its discovered price. This comes after the demerger of the company from its parent organization SKF India.

SKF India shares adjusted to the demerger of its automotive business from its industrial segment on October 15. SKF India shares were trading with marginal losses on Friday morning.

SKF India demerger:

Earlier in 2024, the company's board had approved a plan to demerge the segments into "two independent successful entities". The demerger became effective on October 1.

"The demerger, first approved by the Board in Q4 2024 and subsequently cleared by shareholders and regulators, marks a defining milestone in SKF India’s century-long journey of enabling reliability and performance across industries," the company had said.

Each shareholder will receive one share of SKF India (Industrial) for every share they currently hold in SKF India, the company had said. "The rationale reflects a considered approach: aligning with India’s dual priorities of sustainable mobility and industrial competitiveness, enhancing financial visibility, and creating the agility to respond faster to customer needs and sectoral dynamics," it added.

The company had fixed October 15 as the record date to determine the eligibility of the shareholders set to participate in the demerger scheme.

SKF India said that the demerger was designed to sharpen the strategic focus and unlock long-term value for stakeholders by creating two fit-for-purpose companies with dedicated management teams, capital allocation frameworks, and sectoral priorities.

What SKF India management says:

Speaking about the demerger, SKF India Managing Director Mukund Vasudevan said, "This demerger is a defining moment in SKF India’s journey. By creating two focused and independent companies, we are aligning ourselves with India’s twin growth engines— industrialization and mobility. SKF Industrial will strengthen its role as a key backbone of India’s manufacturing growth, infrastructure development, railway network expansion, and renewables (wind) focus. SKF Automotive will scale with the EV, last-mile commercial vehicle and premiumisation wave. This structure strengthens our ability to allocate capital effectively, accelerate innovation, and create distinct value streams for customers and shareholders, while contributing meaningfully to India’s economic transformation."

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