NEW DELHI: Shares of Maharashtra Scooters climbed 2 per cent in early trade on Wednesday after Bajaj HoldingsNSE 0.70 % and Investment acquired 27 per cent stake in the company.
Maharashtra Scooters (MSL) the maker of the once popular Priya brand of scooters, has become a subsidiary of Bajaj Holdings and Investment (BHIL) following the Western Maharashtra Development Corporations (WMDC) transferring its 27 per cent stake in MSL to the company after a protracted legal battle.
"WMDC has transferred its 27 per cent stake in MSL to the Bajaj Holdings and Investment Ltd (BHIL) on June 17. With this, the company now holds 51 per cent shares in MSL, thereby making it a subsidiary of Bajaj Holdings," MSL said in a BSE filing.
Shares of MSL traded 0.55 per cent up at Rs 4,468.95 on BSE around 9:35 am.
1 Comments
i am for the first time here. I found this board and I in finding It truly helpful & it helped me out a lot. I hope to present something back and help others such as you helped me. Best Knee Scooters
ReplyDelete