Schaeffler India Limited Recommends Dividend for the Year December 31, 2017
February 07, 2018 at 09:42 am
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Schaeffler India Limited announced that the Board of Directors of the Company in its meeting held on February 7, 2018, has recommended Dividend at INR 17 per Equity Share. The Dividend for the year December 31, 2017, if declared shall be paid within the time limit prescribed in the Companies Act, 2013.
Schaeffler India Limited is an India-based automotive and industrial component supplier. The Company provides components and systems for engine, transmission, and chassis applications for hybrid, electric, and combustion-engine-powered vehicles. The Company's segments include Automotive Technologies, Automotive Aftermarket, Industrial, and Exports & Others. The Automotive Technologies segment develops products using sustainable technologies for passenger and commercial vehicles, tractors, and off-highway segments. The Automotive Aftermarket provides data-driven services and plug-and-play solutions for transmission, engine, and chassis systems. It also includes three brands, such as LuK, INA and FAG. The Industrial segment offers a portfolio of bearing solutions, ranging from high-speed and high-precision bearings with small diameters, to large-size bearings, several meters wide. The Exports & Others segment includes exports to group companies and scrap sales.