Bajaj Holdings and Investment, the holding company of the Bajaj Group, has offloaded over 2% stake in Pune-based Force Motors for Rs 13.29 crore. Bajaj Holdings said it has sold 2,67,275 shares of the company between July 14 and July 23, representing 2.03% stake. Post stake sale, Bajaj’s stake in Force Motors has come down to 9.01% from 11.04% 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.
