Schaeffler India Promoter Group May Monetize Small Stake

Schaeffler India Limited has received a notification from its promoter group, which collectively holds 74.13% of the company's paid-up share capital. The promoter group is reviewing its shareholding and may consider monetizing a small portion. However, they have expressed a strong intention to continue as the significant majority shareholder, maintaining at least two-thirds of the company's outstanding shares. This notification is an expression of intent and not a binding commitment.