Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Singapore-based Timken sells 10.1% stake in Timken India for Rs.2,362-Cr; lowers stake to below 58%.
Timken Singapore Pte, promoter of Timken India, has divested a 10.1% stake in the listed firm for INR 2,362 crore through an open market transaction. Post the transaction, Timken Singapore's shareholding in the India unit has been reduced to 57.7 %.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.