SKF India Limited
ICICI Prudential Mutual Fund increased its stake in SKF India Limited from 2.06% to 2.63%, raising its shareholding from 1,017,548 to 1,298,816 shares. The value of the additional shares bought was ₹41.44 crore, calculated at ₹1472.00 per share.
A leading supplier of rolling bearings, seals, mechatronics, and lubrication systems in India, SKF India operates across industrial and automotive sectors. The company manufactures and distributes precision bearing products and engineered solutions designed for machinery, vehicles, and equipment applications. Its distinctive strength lies in offering integrated product solutions combined with technical expertise to support customer operations and equipment performance across diverse manufacturing and transportation industries.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.