---
schema_version: "secwatch.filing_event.v1"
accession: "0000098362-23-000087"
form_type: "8-K"
ticker: "TKR"
cik: "0000098362"
company_name: "TIMKEN CO"
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T22:12:56.913052+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Timken sells 7.6M shares of Timken India for ~$288M; ownership drops to 57.7%

## Summary
- Gross proceeds of ~$288 million from sale, reducing ownership from 67.8% to 57.7%.
- Net proceeds to support 2023 capital allocation priorities, including share repurchases.
- Transaction expected to be accretive to Timken's earnings per share.
- Timken maintains controlling interest in TIL; new $75M plant in Bharuch, India to start production by early 2025.

## SEC filing metadata
- accession: 0000098362-23-000087
- form_type: 8-K
- ticker: TKR
- cik: 0000098362
- company_name: TIMKEN CO
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98362/000009836223000087/0000098362-23-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98362/000009836223000087/tkr-20230620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000098362-23-000087
- JSON: https://secwatch.observer/filing/0000098362-23-000087.json
- Plain text: https://secwatch.observer/filing/0000098362-23-000087.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.