SKF India (Industrial) Limited
HDFC Mutual Fund decreased its stake in SKF India (Industrial) Limited from 9.73% to 9.67%, selling 29,931 shares. The approximate value of shares sold is ₹8.23 crore based on the share price of ₹2751.30.
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.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.