As part of the transaction, Schaeffler India Limited will issue 10 equity shares to shareholders of INA India, for every 65 equity shares held. It will issue 10 equity shares to shareholders of LuK India, for every 35 equity shares held.
The process of changing the company’s name was completed after the required regulatory and subsequent shareholder approvals were obtained.
In the annual report, FAG Bearings Chairman Avinash Gandhi said the higher budgetary investments in agriculture, rural and social sector will also provide impetus to two-wheelers, tractors and construction equipment, which are its mainstay.
FAG Bearings, promoted by Germany’s Schaeffler Group, may outpace the industry as well as its own historical performance in revenue growth in the next few years.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Sanak Mishra | 00027288 | mishra.sanak@gmail.com | Director | 06 Nov,2014 |
| Renu Challu | 00157204 | renuchallu@yahoo.com | Director | 06 Nov,2014 |
| Avinash Parkash Gandhi | 00161107 | avinashgandhi@gmail.com | Director | 20 Apr,2006 |
| Rakesh Jinsi | 00182187 | jinsir@gmail.com | Director | 11 Feb,2015 |
| Sampath Kumar Raman | 00495192 | law.sampath@gmail.com | Director | 21 Apr,2011 |
| Dietmar Claus Heinrich | 00928243 | dietmar.heinrich@schaeffler.com | Director | 11 Feb,2014 |
| Dharmesh Subhash Chandra Arora | 05350121 | dharmesh.arora@schaeffler.com | Director | 06 Mar,2017 |
| Klaus Rosenfeld | 07087975 | rosenkla@schaeffler.com | Director | 11 Feb,2015 |
| Marcus Wilhelm Karl Eisenhuth | 07904850 | Director | 10 Aug,2017 |
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