Bajaj Holdings and Investment has sold about 2.75 lakh shares of Force Motors through the open market route. The shares were sold for Rs 2.42 crore between July 7 and July 11, 2014. This stake sale reduced Bajaj Holdings’ stake in the company to 11.04% from 13.13% earlier.
Force Motors is a fully vertically integrated automobile company, with expertise in design, development and manufacture of the full spectrum of automotive components, aggregates and vehicles.