Franklin Templeton Mutual Fund entered SKF India with 6,61,755 shares, a 1.34% stake worth ₹182.07 Cr.
A manufacturer of rolling bearings, seals, mechatronics, and lubrication systems, SKF India Industrial operates as a subsidiary of the Swedish multinational SKF Group. The company supplies bearings and integrated solutions to automotive, industrial machinery, and engineering sectors across India. Its product portfolio encompasses precision bearings, mechanical seals, and lubrication systems designed for demanding industrial applications and equipment performance requirements.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.
