MoneyWorks4Me

Bajaj Holdings sells 2.75 lakh shares of Force Motors

15 Jul 2014 Evaluate

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.

Peers
Company Name CMP
Tata Motors 421.30
Ashok Leyland 148.95
Force Motors 17681.00
Olectra Greentech 1065.40
SML Mahindra 6123.40
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