01
Oct
Mumbai: SKF India Ltd. announced that it has completed the demerger of its industrial business, effective October 1, 2025. The company said the move will create two independent entities — SKF Industrial and SKF Automotive — with the industrial entity expected to be listed by November 2025, subject to approvals. Under the terms of the separation, shareholders of SKF India Ltd. will receive one equity share of SKF India (Industrial) Ltd. for every share held in the parent company. SKF India Ltd. will continue as the automotive-focused entity. According to the company, the demerger was first approved by its board…