SKF India shares surge over 6% on plans to demerge Automotive, Industrial business

SKF India shares surge on plans to demerge Automotive And Industrial business.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

SKF India shares jumped over 6 percent in early trade on October 9 after the company revealed its plans to demerge its automotive and industrial business. The stock surged 6.26 percent to touch its intraday high of Rs 5,492.60 apiece on the NSE. However, the scrip shortly pared its gains to trade at Rs 5,372.85 per share on the NSE, up 3.95 percent at 9.35 am.

The up move in the share price was witnessed after the company in an exchange filing said that the board of directors at its meeting held on 8th October approved "separation of the automotive business and in pursuance to the decision of the Board in its meeting dated 17th September 2024."

"The Audit Committee and Corporate Restructuring Committee reviewed various options to segregate the Automotive & Industrial businesses of the company," it added.

A separation would increase the ability of the automotive business to make independent decisions and investments, the company said.

Moneycontrol earlier reported that the promoter said it intends to list the automotive business on Nasdaq Stockholm in the first half of 2026. The promoter of SKF India, AB SKF had said on September 17 that it plans to separate its global automotive business and list it on Nasdaq Stockholm.

According to the data available on the BSE, the share price has delivered 16.08 percent returns in 2024 so far. In the last thee years, it moved 61.54 percent higher, while the benchmark Sensex moved 36.26 percent higher in the same period.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.