# SKF India acquires 26% stake in Clean Max Taiyo

SKF India Limited acquired 26,267 additional shares of Clean Max Taiyo Private Limited for a total of 26% ownership, to secure a captive power plant for renewable energy supply.

- Type: Acquisition
- Announced: 2023-05-16
- Where: India
- Status: completed
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [SKF India](https://endata.com/companies/14021.md) (acquirer)
- [Clean Max Taiyo](https://endata.com/companies/70320.md) (target)

## Sources

- [freepressjournal.in](https://www.freepressjournal.in/business/skf-india-acquires-26267-additional-shares-of-clean-max-taiyo), 2023-05-16: "The acquisition will help SKF reduce energy cost, source 100 per cent renewable energy and reduce greenhouse gas emission."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.