Mirae Asset Mutual Fund Increases Stake in SKF India to 8.65%

Mirae Asset Mutual Fund has increased its shareholding in SKF India through an open market acquisition completed on December 17, 2025. The transaction has been disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The mutual fund acquired 1.90 lakh shares of SKF India through open market purchase. This acquisition represents 0.38% of the company's total share capital and voting rights.

Parameter	Details
Shares Acquired	1,90,000
Acquisition Method	Open Market
Transaction Date	December 17, 2025
Percentage Acquired	0.38%

Shareholding Pattern Changes

Following this transaction, Mirae Asset Mutual Fund's total shareholding in SKF India has increased significantly.

Shareholding Status	Number of Shares	Percentage (%)
Before Acquisition	40,85,738	8.26%
Shares Acquired	1,90,000	0.38%
After Acquisition	42,75,738	8.65%

Regulatory Compliance

The disclosure was filed by Mirae Asset Investment Managers (India) Private Limited on December 18, 2025, through its Head of Compliance, Legal and Company Secretary, Rimmi Jain. The filing ensures compliance with SEBI regulations regarding substantial acquisition of shares and has been submitted to the Bombay Stock Exchange for record-keeping purposes.

This acquisition reflects the mutual fund's continued interest in SKF India, with the increased stake positioning Mirae Asset as a significant institutional investor in the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.72%	-1.06%	+1.53%	-62.76%	-58.13%	-1.03%

Mirae Asset Mutual Fund has made a substantial acquisition in SKF India (Industrial) Ltd, acquiring 31,25,019 shares representing 6.32% of the company's total voting capital. The transaction was completed through open market purchases on December 9, 2025, as disclosed in a regulatory filing with the Bombay Stock Exchange.

Acquisition Details

The disclosure filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals the complete transaction structure:

Parameter:	Details
Acquirer:	Mirae Asset Mutual Fund
Target Company:	SKF India (Industrial) Ltd
Shares Acquired:	31,25,019
Percentage Acquired:	6.32%
Mode of Acquisition:	Open Market
Date of Acquisition:	December 9, 2025

Shareholding Pattern Changes

Prior to this acquisition, Mirae Asset Mutual Fund held no shares in SKF India (Industrial) Ltd. The transaction represents a fresh investment by the mutual fund house in the industrial bearings company.

Holding Period:	Shares	% of Total Voting Capital	% of Diluted Capital
Before Acquisition:	0	0.00%	0.00%
Shares Acquired:	31,25,019	6.32%	6.32%
After Acquisition:	31,25,019	6.32%	6.32%

Corporate Restructuring Context

The filing indicates that the acquisition occurred in the context of a demerger with SKF India Limited. According to the disclosure, due to the demerger, the paid-up capital of SKF India (Industrial) Ltd increased, resulting in the 6.32% stake for Mirae Asset Mutual Fund. The document clarifies that there was no actual acquisition by the Asset Management Company (AMC), suggesting the shareholding emerged as a result of the corporate restructuring process.

Regulatory Compliance

Mirae Asset Investment Managers (India) Private Limited, through its Head of Compliance, Legal and Company Secretary Rimmi Jain, filed the mandatory disclosure on December 10, 2025. The company maintains its registered office at Unit No. 606, 6th Floor, Windsor Building, confirming its adherence to SEBI regulations for substantial shareholding disclosures.

The equity share capital of SKF India (Industrial) Ltd before the said acquisition stood at 4,94,37,963 shares. The mutual fund house is not classified as a promoter or part of the promoter group of the target company, maintaining its status as an institutional investor.