SKF board to consider delisting plan

The board of directors of SKF India will meet on February 16, 2005 to consider a proposal received from Aktiebolaget SKF, along with its subsidiaries, to delist its shares from the exchanges.

According to a release issued to the BSE today, Aktiebolaget SKF and subsidiaries collectively hold 53.58% shares of SKF India.

The stock has moved up 14% (Rs 24) to Rs 190 on the BSE with a volume of over 4.78 lakh shares.